ETFs, which act as a connection between cryptocurrencies and traditional markets, possess immense potential. In a short span of time, BlackRock’s Bitcoin ETF has amassed a staggering $20 billion in value. Since its inception on January 10, spot BTC ETFs have witnessed a net inflow of nearly $13 billion. If this amount had been directly invested in BTC on cryptocurrency exchanges, the price of BTC would have soared past $70,000. The influx of funds through the ETF channel has amplified the supply of BTC on exchanges, contributing to the remarkable surge observed in the first quarter. Stay up-to-date with the latest technology news by accessing NEWSLINKER.
