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First Bitcoin ETF trades $1.5Billion, discount on GBTC mirrors the $69,000 Bitcoin price

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Data from sources like Bloomberg indicate that Bitcoin exchange-traded funds (ETFs) are seeing near-record levels of weekly inflows. Bloomberg's ETF analysts also point out that at least two well-known products have shown "significant" trading volume. This includes ProShares' Bitcoin Strategy ETF (BITO), the first futures-based ETF to be approved in the United States in 2021.


The implications of a potential approval for a Bitcoin spot ETF in the United States have not only affected the price trend of BTC but have also benefited the surrounding ecosystem.