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A total of 700,000 transactions were conducted today to buy and sell spot Bitcoin ETFs, twice that of QQQ
By: Cointime
According to data compiled by Bloomberg analyst Eric Balchunas shows that there were a total of 700,000 individual trades buying and selling spot Bitcoin ETFs today, which is twice the amount of Invesco QQQ Trust (code: QQQ) (QQQ's trading volume is larger because there are more large institutions).
The analyst commented, "Grassroots action (as opposed to large fund purchases) is much more than I expected, which is a very good sign."
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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