$ 1.2 billion increase in 4 days! Wall Street's first popular Bitcoin ETF

On October 25, the State Investment Commission announced that Wall Street's first Bitcoin exchange (ETF), the ProShares Bitcoin Strategy ETF, had been announced on October 20. Pushing the price of Bitcoin to an all time high.

Today, the commodities industry set a record for the most important data in the industry, including the world's fastest growing investment to cross the billion dollar mark and the second most raised to cross the $ 100 million mark on day one of publication. The capital inflows of this measure are bound to make people think about the market. A simple estimate, with global ETF assets of $ 9 trillion below the limit, is that if Bitcoin ETFs occupy 1% of the global market, the market size could reach $ 90 trillion, accounting for almost 10 trillion dollars. % of the Bitcoin market recently. . . Valued at $ 1.1 trillion ...

Soon, the second Bitcoin ETF on Wall Street will be released on October 22, suggesting that its winners will be released one after the other. Many Bitcoin futures ETFs in the line now, for example, a female tech investor "anonymously" have also requested related products. At the same time, two of Bitcoin's biggest backers, Greyscale and Bitwise, have been actively asking for the impact of ETFs on the US market in recent weeks.

In the first half of this year, the market did not expect US regulators to approve these products. The approved Bitcoin ETF is seen as a milestone in the expansion of virtual assets, and the price of Bitcoin has also reached an all-time high. The rise of virtual markets has led proponents to believe that even ETFs based on futures are a big win for the industry, which will push blockchain technology to enter the financial landscape.

The appreciation of Bitcoin, spurred by money and speculation, has given potential investors the opportunity to buy these ETFs. However, experts advise the trader not to be complacent. Many people around the world have also pointed out that ETFs do not pose a high risk to the safety of commodities, and investors are reluctant to buy unless they understand the commodity.