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Bitcoin ETFs 'deemed a success' by key measures one month after U.S. debut
One month after their historic launch, ETF insiders and crypto proponents alike say Bitcoin spot funds are proving an unequivocal success on key trading measures. Some 21 trading days in, the funds have raked in about US$2.8 billion in total net inflows, data compiled by Bloomberg Intelligence show. That takes into account the $6.4 billion investors yanked from the Grayscale Bitcoin Trust (ticker GBTC) after it was converted from a trust into an exchange-traded fund. Atop the leaderboard are BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC), taking in around $3.8 billion and $3.1 ... (full story)