VanEck’s Spot Bitcoin ETF Volume Jumps More Than 1,000%
Within days of VanEck announcing a decrease in fees for its spot Bitcoin ETF, the fund experienced a significant increase in trading volume.
Within days of VanEck announcing a decrease in fees for its spot Bitcoin ETF, the fund experienced a significant increase in trading volume.
Just one month after approval by the United States Government on January 11, an estimated 75% of new investments in Bitcoin have come from the 10 newly approved spot Bitcoin exchange-traded funds.
On February 13, the inflow of assets into spot Bitcoin exchange traded funds (ETFs) reached $631.2 million.
Last week, more than $700 million was invested into Bitcoin-focused investment vehicles.
On January 31, net inflows into spot Bitcoin ETFs reached $197 million, marking the fourth consecutive day of positive trend.
The Securities and Exchange Commission is anticipated to use the same approach as it did for approving Bitcoin exchange-traded funds for Ethereum ETFs.
The ETF designed to profit from trading against CNBC Mad Money host Jim Cramer’s tips is closing down after just 10 months of trading.

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