Spot Bitcoin ETFs Gain Tremendous Inflows, Emerging as Rival to Other ETFs
Bitcoin ETFs have recently gained significant inflows, surpassing the ProShares Bitcoin futures ETF in popularity. Nine new ETFs that invest directly in Bitcoin have drawn in over $10 billion in capital since their US debut in January. Blackrock's IBIT has also seen a surge in inflows, increasing to over $5 billion in just 23 trading days. Experts predict that the market size and assets under management for Bitcoin ETFs will continue to rise in the future.
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