Bitcoin ETFs Shatter Records: $1T Cap + Surging Volumes (Patreon)

Just one month after their launch, spot bitcoin ETFs are significantly impacting the market for institutional investors and asset allocators.

Some highlights so far

• Spot bitcoin ETFs make a significant market impact just one month after launch.
• Bitcoin's market cap exceeds $1 trillion, a first since November 2021.
• Spot bitcoin ETFs set a record for highest volumes and flows at this lifecycle stage compared to any ETF asset launch, as reported by Bloomberg.
• Ranked as the second-largest commodity ETF, behind gold and ahead of silver, with $43.9 billion in volume ($18.6 billion excluding GBTC, which saw outflows).
• Net inflows excluding GBTC stand at $11.5 billion, or over $5 billion including GBTC.

MOST IMPORTANT - NO GREEN LIGHT YET FOR FINANCIAL ADVISORS

• Large brokerage firms and financial advisors STILL await clearance, restricted by due diligence mandates before embracing bitcoin. 
• As a result, WE WILL NOT SEE REAL FLOWS in bitcoin ETF investments for another 3-6 months 
• Soon the due diligence teams recognize bitcoin's potential to improve risk-adjusted returns in diversified portfolios.