At $27.5 billion, Bitcoin ETFs have surpassed silver and are aiming for gold, which is now leading the commodity market for ETfs. This rapid expansion shows that traditional investors are starting to adopt Bitcoin.
The CEO of Blockstream, Adam Back, had foreseen this fantastic move from Bitcoin earlier.
The first was BlackRock’s iShares Bitcoin Trust (IBIT), which has attracted $1 billion in inflows despite the market’s continued volatility. The fact that this gain is more than even these well-known gold ETFs indicates that there is a burgeoning market for bitcoin investments.
The introduction of Bitcoin’s ETF has been nothing short of spectacular, revolutionizing the world of investing and posing serious competition for gold, even though the future is yet unknown.
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