Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
A total of 700,000 transactions were conducted today to buy and sell spot Bitcoin ETFs, twice that of QQQ

A total of 700,000 transactions were conducted today to buy and sell spot Bitcoin ETFs, twice that of QQQ

CointimeCointime2024/01/12 00:33
By:Cointime

According to data compiled by Bloomberg analyst Eric Balchunas shows that there were a total of 700,000 individual trades buying and selling spot Bitcoin ETFs today, which is twice the amount of Invesco QQQ Trust (code: QQQ) (QQQ's trading volume is larger because there are more large institutions).

The analyst commented, "Grassroots action (as opposed to large fund purchases) is much more than I expected, which is a very good sign."

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!