Bitcoin ETF: Raised $6 Billion in the United States in the Month of February Alone!

Bitcoin ETF: Raised $6 Billion in the United States in the Month of February Alone!

Two months later the launch of spot Bitcoin ETFs in the United States, the first review confirms investor interest in this financial product backed by the main cryptocurrency. After the first twenty days of marketing in January, which saw a total of almost $1.5 billion in net inflows, interest in these spot Bitcoin ETFs has not waned, on the contrary!

More than $6 billion in fundraising for the product was made in February, according to data from the aggregator so much !

A demand that creates clear buying pressure on Bitcoin, illustrated by the spectacular profits cryptocurrency in February with a 45% increase. This dynamic could continue as commercial banks Wells Fargo, Bank of America and Morgan Stanley are expected to offer these ETFs to their clients themselves, according to information from Bloomberg And Coin Bureau. At the same time, asset manager BlackRock announced the launch of its Bitcoin ETF in Brazil through the Brazilian exchange B3, according to Coin Bureau.

Note that change could soon occur among US ETF players with the likely purchase of Valkyrie by the asset manager with a very French DNA Coinshares. Confident, CEO Jean-Marie Mognetti recently explained Capital which represented this takeover “an interesting opportunity for the international growth of Coinshares.»

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