Bitcoin Spot ETFs See Fifth Day of Net Inflows
U.S. spot Bitcoin ETFs attracted $39.5 million on Wednesday, exhibiting sturdy demand for these ETFs regardless of market uncertainty.
Bitwise CIO Matt Hougan highlighted Bitcoin ETFs as leaders in institutional adoption amongst exchange-traded funds. Evaluating these ETFs to the fastest-growing ETFs by property beneath administration (AUM), Hougan famous that Bitcoin ETFs boast 1,100 institutional holders and $11 billion in institutional AUM in two quarters. In distinction, the Invesco QQQ (Nasdaq-100) has 374 institutional holders and $13.3 billion in institutional AUM.
Hougan identified that the substantial retail adoption of Bitcoin ETFs makes institutional uptake seem smaller by comparability.
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