3 cryptocurrency giants — Blackrock, Grayscale, and Fidelity — control 85% of US Bitcoin ETF reserves

3 cryptocurrency giants — Blackrock, Grayscale, and Fidelity — control 85% of US Bitcoin ETF reservesEleven months and thirteen days ago, the United States welcomed the first bitcoin spot-traded funds (ETFs) into the fold of traditional finance (tradfi). Since their debut, these ETFs have not only broken records, but also raised more than 1 million Bitcoins. The rise of spot ETFs is creating a power shift in cryptocurrency investments, as the launch of these[...]

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *