📈Weekly Recap: Spot Bitcoin ETFs Outperform
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.