ETFs, acting as a connection between cryptocurrencies and traditional markets, possess considerable promise. BlackRock’s Bitcoin ETF, in just a matter of months, has grown to exceed $20 billion in size. Since its launch on January 10, spot BTC ETFs have experienced nearly $13 billion in net inflows. If this amount had been directly invested in BTC on cryptocurrency exchanges, the value of BTC would have surpassed $70,000. The influx of funds through the ETF channel has resulted in an increased supply of BTC on exchanges, thereby fueling the impressive rally witnessed in the first quarter. Stay up-to-date with the latest technology news by accessing NEWSLINKER.
