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Almost 80% of BTC ETF Demand Came from Retail Investors

Almost 80% of BTC ETF Demand Came from Retail Investors

HappyCoinNewsHappyCoinNews2024/12/29 07:44
By:HappyCoinNews

In 2024, net inflows into US spot currencies Bitcoin -funds exceeded $35,66 billion, which is much higher than the initial estimate of $14 billion made by analysts at Galaxy Digital.

iShares turned out to be the most popular among investors Bitcoin Trust ETF (IBIT) from BlackRock with net inflows of $37,31 billion. Fidelity Wise Origin Fund Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB) took third and fourth place with $11,84 billion and $2,49 billion, respectively. Bitwise rounds out the top five Bitcoin ETF (BITB) with $2,19 billion.

Almost 80% of BTC ETF Demand Came from Retail Investors image 0

BTC Income Data- ETF 19 to 27 December

According to the cryptocurrency exchange report Binance , almost 80% of demand for spot bitcoin ETF was driven by retail investors rather than institutional investors. However, according to Bitwise Chief Investment Officer Matt Hougan, that could change next year, with corporate investors increasingly investing in ETFs based on the flagship cryptocurrency.

One of the catalysts for demand will be the growth of the BTC rate to $200,000, according to Bitwise, or to $180,000, according to VanEck analysts.

Spot ETF Ethereum-based cryptocurrencies have also shown strong performance, raising around $2,68 billion since launching in July.

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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.

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