A total of 700,000 transactions were conducted today to buy and sell spot Bitcoin ETFs, twice that of QQQ

01/12 00:25

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According to data compiled by Bloomberg analyst Eric Balchunas shows that there were a total of 700,000 individual trades buying and selling spot Bitcoin ETFs today, which is twice the amount of Invesco QQQ Trust (code: QQQ) (QQQ's trading volume is larger because there are more large institutions).

The analyst commented, "Grassroots action (as opposed to large fund purchases) is much more than I expected, which is a very good sign."

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