Spot Bitcoin ETF Approval
The approval of the Spot Bitcoin ETF by the Securities and Exchange Commission has led to record-breaking trading volumes, surpassing $3 billion in just a few hours. This has brought excitement to the crypto community as they have been waiting for this moment for a long time.
First-Hour Trading Volume
After the SEC approval, the trading volume of the Spot Bitcoin ETF reached $1.74 billion in the first hour of trading. BlackRock, Fidelity, and Grayscale are leading the race, with trading volumes of $958 million and $1 billion, respectively.
How Much Inflows We Can Expect?
With the trading volume of the Spot Bitcoin ETF increasing rapidly, analysts predict that inflows could reach $100 billion soon. BlackRock had predicted $4 billion in inflows after approval, and this prediction is proving to be accurate as the inflows have surpassed $3 billion.
Hot Take: Record-Breaking Trading Volumes for Bitcoin ETF
The approval of the Spot Bitcoin ETF has led to unprecedented trading volumes, surpassing expectations and signaling the potential for significant inflows in the near future. This milestone has ignited excitement in the crypto community and could pave the way for further growth and adoption of Bitcoin ETFs.
By
By
By
By
By
By