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ūüďąWeekly Recap: Spot Bitcoin ETFs Outperform

The Defiant

Weekly Recap

Happy weekend Defiers!

The impressive performance of the freshly launched cohort of spot Bitcoin ETFs dominated headlines this week.

Spot Bitcoin ETFs hosted a $1.3B inflow during their first four days of trading, bringing the value of assets under management (AUM) to $27.7B. The sector ranks as the second-largest commodity ETF asset class, beating out silver’s $11.3B and lagging behind gold with $93.8B. Trading volumes have also exceeded expectations, with the first four days hosting roughly $12B worth of spot Bitcoin ETF share trades.