Bitcoin ETF

Grayscale Bitcoin Trust

Spot

<ul class="news-points"> 
 <li>The U.S. now dominates the global Bitcoin ETF market with 83.3% of the share.</li> 
 <li>Spot Bitcoin ETFs globally encapsulate 4% of the total Bitcoin supply.</li> 
 <li>Grayscale Bitcoin Trust leads the market but is challenged by notable net outflows.</li> 
</ul> 
The United States has surged ahead in the global <a href="https://coinedition.com/winklevoss-sees-demand-for-btc-skyrocketing-post-2024-halving/?utm_source=telegram_channel&amp;utm_medium=referral">spot Bitcoin ETF</a> (Exchange-Traded Fund) market, according to a <a href="https://www.coingecko.com/research/publications/spot-bitcoin-etfs-worldwide" target="_blank" rel="nofollow">Coingecko report</a>. Currently, the country has an 83.3% share, the highest globally. This shift underlines institutional and retail investors’ increasing interest in cryptocurrency investments. 
Investors likewise embrace <a href="https://www.reuters.com/technology/blackrock-sets-030-fee-proposed-spot-bitcoin-etf-2024-01-08/" target="_blank" rel="nofollow">Bitcoin spot ETFs</a> and other similar tools. A network of 11 countries comprising major economies and tax havens lay the root of the BTC exchange, where the trading is primarily focused on six key markets. 
Significantly, the U.S. dominance is evident in the substantial $34.78 billion assets held across its 10 approved ETFs. This leap has been monumental, considering the total global market valuation is $41.74 billion. Canada remains a vital player <a href="https://www.nasdaq.com/articles/assets-invested-in-the-etfs-industry-in-canada-reached-a-new-record-%24314.45-billion-at-the" target="_blank" rel="nofollow">despite slipping</a> to second place, with its ETFs holding $3.09 billion. With the most diverse offering of 13 ETFs across several jurisdictions, Europe has a mark…
The post <a href="https://coinedition.com/rise-of-spot-bitcoin-etfs-u-s-surges-past-canada-whats-next/">Rise of Spot Bitcoin ETFs: U.S. Surges Past Canada, What’s Next?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Rise of Spot Bitcoin ETFs: U.S. Surges Past Canada, What’s Next?

Coin Edition

Other articles published on Feb 16, 2024

Can SOL Break the $117 Barrier and Unleash a New Wave of Bullish Gains?

Bitcoin ready to explode! Crypto will surpass $64,000!

Algotech Presale Tops as Polygon to Launch AggLayer V1 Mainnet & Binance Faces Threat

Bitcoin Price Remains Strong as SEC Fines ETF Issuer

Breaking: Bitget Token (BGB) Skyrockets to New All-Time High Following 40% Rally

BRICS Watch: When can we expect Saudi Arabia’s entry?

Join our free newsletter for daily crypto updates!