A few days since the Bitcoin spot ETFs have gone live, here are the winners and losers in the space, as an analyst broke down.
Blackrock’s iShares Bitcoin ETF Is The Biggest Winner So Far
Earlier in the month, the much-anticipated Bitcoin spot ETFs finally gained approval from the US SEC. The BTC spot ETFs are financial instruments that allow investors to gain indirect exposure to the cryptocurrency’s price movements.
This means that, with the spot ETF, traders don’t need to own the asset itself to gain exposure to it. ETFs trade on traditional exchanges, so they may be a preferable option for traditional investors.
For some investors, navigating cryptocurrency exchanges and learning how wallets work may be a market entry barrier. Still, with the ETFs, such traders should also be able to invest in the asset.
In total, 11 Bitcoin spot ETFs approved by the SEC started trading on 11 January. In a Quicktake post, the CryptoQuant Netherlands community manager Maartunn discussed how th
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