A few weeks have passed since the Bitcoin ETFs have gone live on trading. Here’s how much of the asset’s circulating supply these funds hold now.
Bitcoin Spot ETFs Now Carry This Much Of The Cryptocurrency’s Supply
On January 10, the much-anticipated spot ETFs gained approval for Bitcoin from the US Securities and Exchange Commission (SEC). The next day, January 11th, these ETFs went live on trading, marking a historic day for the cryptocurrency.
Exchange-traded funds (ETFs) refer to financial instruments that allow investors to gain exposure to a commodity without actually owning said asset. In the case of BTC, ETFs can be a more appealing way to invest in the coin for traders who aren’t well-versed in how cryptocurrencies work.
The spot ETFs trade on traditional exchanges, so such investors, who may already be familiar with the traditional mode of trading, won’t have to learn how to navigate digital asset exchanges and wallets.
In order to provide this indirect exposure to
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