MicroStrategy Chairman Michael Saylor said spot Bitcoin ETFs are seeing demand far beyond their expectations.
Michael Saylor in a speech he gave at the Madeira Bitcoin conference in the interview, Praise for spot Bitcoin exchange-traded funds (ETFs) He made full words. Spot Bitcoin ETFs He thought it would rival gold at the first stage. Stating Saylor, Considering the current situation, it seems that the S&P 500 is starting to shake its throne. he pointed out.
BlackRock And fidelity The flow of money to spot Bitcoin ETFs issued by financial giants such as Bitcoin ETFs cannot be stopped and these ETFs cannot be stopped. They are on their way to becoming the largest in the USA noted:
We thought Bitcoin could rival gold, but it has actually moved up the leaderboard and is now starting to outperform the S&P 500 index ETFs. These ETFs have opened up a whole world of financial awareness, opportunity, and functionality to 99% of mainstream investors. You really can’t underestimate how important this is to the entire network.
According to current data, spot Bitcoin ETFs have fallen in total since their launch less than two months ago. 8.5 billion dollars net inflow hosted. With this iShares Bitcoin Trust (IBIT) And Fidelity Wise Bitcoin Origin Trust (FBTC) Money entering spot Bitcoin ETFs in the first month, includingIt surpassed the inflow of funds into all ETFs in history in their first months..