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Grayscale Bitcoin Trust

Making a bold statement at the Madeira Bitcoin conference, MicroStrategy CEO Michael Saylor claimed that Bitcoin Exchange Traded Funds (ETFs) will become serious competitors to traditional investment vehicles such as S&amp;P 500 Index ETFs. 
<h2 id="bitcoin-etfs-are-poised-to-challenge-the-sp-500-according-to-microstrategy-ceo">Bitcoin ETFs Are Poised to Challenge the S&amp;P 500, According to MicroStrategy CEO</h2> 
Saylor's statements come at a time when Bitcoin ETFs are growing in popularity, with recent launches from BlackRock and Fidelity proving to be more successful than expected. 
“We thought Bitcoin could rival gold, but it actually moved up the leaderboard and is now starting to squeeze the S&amp;P 500 Index ETFs,” Saylor said in an interview at the conference. 
Highlighting the rapid growth of Bitcoin ETFs, Saylor noted that they have collectively seen net inflows of $8.5 billion since their launch less than two months ago. 
This increase in investments occurred despite significant outflows from the converted Grayscale Bitcoin Trust (GBTC) during the same period. 
Funds such as iShares Bitcoin Trust (IBIT) and Fidelity Wise Bitcoin Origin Trust (FBTC), which experienced record inflows in the first 30 days of their launch, lead the way. 
Related News: <a href="https://en.bitcoinsistemi.com/microstrategy-after-announcing-that-it-will-sell-600-million-bonds-to-buy-bitcoin-changed-its-plan-upwards/" target="_blank" rel="dofollow">MicroStrategy, After Announcing That It Will Sell $ 600 Million Bonds To Buy Bitcoin, Changed Its Plan Upwards</a> 
These ETFs are now consistently among the top 20 most actively traded ETFs each day, and Tuesday's trading volume surpassed that of tech giant Microsoft. 
Describing ETFs as a “universal API” for investors to easily move in and out of different funds, Saylor emphasized the accessibility they provide to Bitcoin. 
Saylor, who likened ETFs to a global protocol used for volatility trading or lending, stated that mainstream investors can more easily access Bitcoin investment. 
Additionally, Saylor highlighted the broader financial impact of Bitcoin ETFs, suggesting they open new avenues for investors, such as using ETF shares as collateral for loans through traditional brokerage firms such as JP Morgan or Merrill Lynch. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/microstrategy-ceo-michael-saylor-speaks-about-bitcoin-etfs-he-set-his-eyes-on-this-goal/">MicroStrategy CEO Michael Saylor Speaks About Bitcoin ETFs! He Set His Eyes on This Goal!</a>

MicroStrategy CEO Michael Saylor Speaks About Bitcoin ETFs! He Set His Eyes on This Goal!

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