Since October 14, U.S.-listed spot ETFs have experienced significant growth, attracting close to $1.9 billion in investments, as reported by Farside Investors. This influx of capital amounts to approximately 21,450 BTC in bitcoin terms. To provide context, investors in bitcoin ETFs have collectively acquired the equivalent of 48 days’ worth of newly mined bitcoin, with approximately 450 BTC being mined each day.
This surge in interest in U.S.-listed spot ETFs reflects a growing trend towards mainstream adoption of bitcoin as an investment asset. Investors are increasingly turning to ETFs as a convenient and regulated way to gain exposure to the cryptocurrency market. With the rise of institutional interest and regulatory clarity, the popularity of bitcoin ETFs is expected to continue to grow in the coming months.
Overall, the success of U.S.-listed spot ETFs in attracting investor funds underscores the increasing acceptance of bitcoin as a legitimate and valuable investment option. As the cryptocurrency market continues to evolve and mature, ETFs are likely to play an increasingly important role in providing investors with access to this burgeoning asset class.
