Three-quarters of new investment is estimated to come from ETFs as Bitcoin breached the $50,000 mark.
Update 2 pm UTC: Added quotes from James Wo.
An estimated 75% of new Bitcoin investments come from the 10 spot Bitcoin exchange-traded funds (ETFs) that were approved in the United States on Jan. 11.
In the past two weeks, over three-quarters of new Bitcoin (BTC) investments originated from spot Bitcoin ETFs, excluding Grayscale’s Bitcoin Trust (GBTC) ETF, according to a Feb. 14 report by on-chain data analytics firm CryptoQuant.
