Bitcoin surpasses silver to become the second-largest ETF

Iti9

On January 18th, Jag Kooner, the derivatives head at Bitfinex, stated that just a week after trading commenced, the assets under management (AUM) of the United States Bitcoin ETF have surpassed that of the Silver ETF, making it the second-largest ETF category in the United States. The spot Bitcoin ETF funds (including the conversion of Grayscale's GBTC trust) currently hold approximately 647,651 bitcoins, with total assets under management reaching $27.5 billion. Among them, the Fidelity Bitcoin Spot ETF has surpassed $1 billion in assets under management, and the BlackRock Bitcoin Spot ETF has also exceeded $1 billion in assets under management. As of January 18th, the cumulative trading volume of the 11 spot Bitcoin ETFs exceeded $11.1 billion on the fourth trading day. Grayscale, BlackRock, and Fidelity continue to dominate, accounting for over 90% of the total trading volume.

Indra55

Bitcoin is about to surpass gold soon.

Jiten171

Bitcoin is still very impressive.

Jatin255

Such things are irrelevant to us ordinary people.

Jiger955

The future prospects of Bitcoin are still very promising.