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Post: 75% of New Bitcoin Investments Coming from Spot Bitcoin ETFs Approved in the US: A Surge in Investment in Just One Month

75% of New Bitcoin Investments Coming from Spot Bitcoin ETFs Approved in the US: A Surge in Investment in Just One Month

Key Points:

  • About 75% of new Bitcoin investments are coming from spot Bitcoin exchange-traded funds (ETFs) approved in the United States.
  • In the past two weeks, the majority of new Bitcoin investments have originated from these ETFs.
  • The investment from these ETFs has increased to 2% of the total historical investment in Bitcoin within just one month.

Elaboration:

Around three-quarters of new Bitcoin investments are coming from spot Bitcoin ETFs that were approved in the United States on January 11. In the past two weeks, these ETFs, excluding Grayscale’s Bitcoin Trust ETF, have accounted for over 75% of new Bitcoin investments. This surge in investment has also caused the percentage of total historical investment in Bitcoin from these ETFs to increase to 2% within just one month.

Hot Take:

This data highlights the growing popularity and influence of ETFs on the cryptocurrency market, specifically Bitcoin. The approval of these ETFs in the US has opened up a new avenue for retail and institutional investors to gain exposure to Bitcoin, resulting in a significant influx of new investments. As more ETFs are approved and launched, we can expect this trend to continue, further solidifying the role of ETFs in shaping the Bitcoin market.

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