A Short Guide to Bitcoin On-Chain Data for ETF Newcomers
Last week’s approval and launch of spot bitcoin ETFs like BlackRock’s IBIT, Fidelity’s FBTC, and a further eight additional spot ETF products, marked a historic moment in Bitcoin’s history. The ETFs provide investors with a new option to access bitcoin through traditional brokerage accounts while reducing the friction for asset managers to gain exposure to BTC. In total, the ETFs have now traded ~$10B across three complete trading days, with BlackRock’s offering seeing close to half a billion dollars worth of inflows in two days' time.
