Bitcoin

<ul><li>Bitcoin ownership sees a dip as ETFs become the new favorites post-SEC&#39;s pivotal approvals.</li><li>Blackrock leads the ETF race with significant inflows, outpacing Fidelity and Ark Investments.</li><li>Despite a general slowdown, Bitcoin ETFs report a net inflow, indicating a nuanced investor interest shift.</li></ul>Bitcoin&#39;s wallets holding more than zero coins have seen a noticeable decline, marking a significant shift in the crypto landscape nearly four weeks following the <a href="https://cryptotale.org/u-s-approves-bitcoin-spot-etfs-a-new-era-in-crypto-investment/" rel="noopener noreferrer nofollow">SEC&#39;s landmark approval of 11 Spot ETFs</a>. This trend, highlighting a reduction of 468,920 active wallets since January 21, 2024, underscores a growing disinterest in direct Bitcoin ownership. Factors such as crowd fear, uncertainty, doubt (FUD), and the allure of alternative investment options contribute to this change.Santiment, a platform with on-chain and social metrics for cryptocurrencies, shared a post providing the latest insights into the ongoing trend with Bitcoin&#39;s wallet decline.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/4573870827164cf4960cfaf5ca41ec56.png" />The <a href="https://cryptotale.org/grayscales-gbtc-leads-as-first-spot-bitcoin-etf-in-crypto-landscape/" rel="noopener noreferrer nofollow">recent approvals</a> have catalyzed a reshuffling of investor priorities, with many turning their gaze toward newly minted ETF products. This pivot reflects a diversification strategy and evolving confidence in more traditional investment vehicles embracing cryptocurrency assets. Consequently, direct investments in Bitcoin appear less appealing to a market segment influenced heavily by ETFs&#39; convenience and perceived safety.Read full article at <a href="https://cryptotale.org/bitcoin-wallets-decline-as-investors-favor-etfs-after-sec-approvals/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Bitcoin Wallets Decline as Investors Favor ETFs After SEC Approvals

CryptoTale

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