Spot Bitcoin ETFs Hold 90% of the Market, Leaving Futures ETFs in the Dust
Spot bitcoin ETFs currently hold nearly 90% of the daily volume market share, while bitcoin futures ETFs hold around 10%. This underscores investors' preference for investing directly in bitcoin through ETFs rather than products based on bitcoin futures contracts. Trading volume in spot bitcoin ETFs has been strong since their launch on January 11, totaling $113 billion to date. BlackRock's IBIT, Grayscale's GBTC, and Fidelity's FBTC funds have been major contributors to this volume.
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