Bitcoin

<ul><li>Bloomberg&#39;s Eric Balchunas reveals that the U.S. could command 99.5% of global crypto ETF trading volume with the approval of spot Bitcoin ETFs.</li><li>Top-performing crypto-related ETFs include the Valkyrie Bitcoin Miners ETF, with a 227% return since 2023, reflecting the growing influence of crypto.</li><li>Bloomberg Intelligence analysts raised the likelihood of U.S. spot Bitcoin ETF approval to 65%, up from a previous 50% estimate.</li></ul>According to insights from Bloomberg&#39;s senior ETF analyst, Eric Balchunas, the U.S. is poised to command a staggering 99.5% share of the worldwide trading volume for crypto-related exchange-traded funds (ETFs). He asserted that this remarkable growth hinges on the greenlighting of spot Bitcoin ETFs.In a recent tweet, Balchunas speculated that the U.S. crypto ETF share could skyrocket:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/cc7f163ceb2845eeb4556decd042f0e4.png" />As of August 10, the trading volume for crypto ETFs in North America stood at 97.7%. Balchunas speculated that the U.S. could see this figure rise to 99.5% with the authorization of spot Bitcoin ETFs.Balchunas&#39; observations coincide with a period of substantial transformation within the crypto sector. Companies such as Bitwise and Valkyrie are <a href="https://cryptotale.org/tradfi-and-crypto-giants-line-up-with-ether-futures-etf-applications/" rel="noopener noreferrer nofollow">modifying</a> their funds to encompass Bitcoin and Ether strategies. Additionally, all of the top 15 performing exchange-traded funds are linked to crypto and blockchain technologies.Among the standout performers, the <a href="https://valkyrie-funds.com/wgmi/" rel="noopener noreferrer nofollow">Valkyrie Bitcoin Miners ETF</a> reported a 227% return since the onset of 2023. Other noteworthy crypto-related ETPs include the <a href="https://cryptotale.org/global-x-blockchain-bitcoin-strategy-etf-bits-surges-to-new-52-week-high/" rel="noopener noreferrer nofollow">Global X Blockchain ETF</a> (BKCH), with a year-to-date return of 168%, and Invesco&#39;s <a href="https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType&#61;Advisor&amp;productId&#61;ETF-SATO#:~:text&#61;The%20Invesco%20Galaxy%20Crypto%20Economy,securities%20that%20comprise%20the%20Index." rel="noopener noreferrer nofollow">Alerian Galaxy Crypto Economy ETF</a> (SATO), which has gained 162% in 2023.Read full article at <a href="https://cryptotale.org/u-s-crypto-etf-volume-set-to-surge-to-99-5-with-spot-bitcoin-etfs/" rel="noopener noreferrer nofollow">CryptoTale.</a>

U.S. Crypto ETF Volume Set to Surge to 99.5% with Spot Bitcoin ETFs

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