MEMETOON

Source: (Korea) Seoul Economy https://www.sedaily.com/NewsView/2D45OPME7LBitcoin (BTC) spot exchange-traded funds (ETF) surpassed silver ETFs just a week after its launch. Doublock reported on the 18th (local time) that BTC spot ETF&#39;s net asset total (AUM) reached $27.5 billion (about 36.8087 trillion won), beating silver ETFs. According to the ETF database, there are 19 gold ETF products in the U.S., worth a total of 96.3 billion won (128.849 trillion won). Silver ETFs have a total of five listed products and have an AUM of about $11.5 billion (about 15.387 trillion won). Jag Kunner, head of Bitfinex derivatives, said, &#34;The accumulated demand for BTC spot ETFs has outpaced silver ETFs in a short period of time.&#34; Kooner also predicted that the market will develop more reasonably in the future, noting that managers are competing to cut and exempt fees to attract investors. As a result, the market&#39;s interest in BTC spot ETFs is also expected to continue. He added, &#34;Although there are still concerns about the risk of virtual assets, the market will mature with the launch of BTC spot ETFs, leading to the launch of new products such as Ethereum spot ETFs.&#34;link : https://twitter.com/memetoonk/status/1748718822608290004

Bitcoin 'Silver' Beats U.S. No. 2 ETF

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