๐Breaking: Fidelity's FBTC ETF outshines Grayscale's GBTC!๐ On Jan 29, FBTC attracted a whopping $208M in daily inflows, surpassing GBTC's outflows of $192M. Are we witnessing a changing of the guard in #Bitcoin investment vehicles?๐ค
Meanwhile, 9 new US spot Bitcoin ETFs raked in a jaw-dropping $994.1M in trading volume, nearly doubling GBTC's $570M.๐ฅ BlackRock's IBIT & Fidelity's FBTC emerged as top dogs, accounting for 78% of the total volume.๐
As competition heats up, issuers are slashing fees to woo investors.๐ช Invesco & Galaxy cut their joint ETF's fees from 0.39% to 0.25%, while CoinShares followed suit.๐ธ
What do you think of this ETF frenzy?๐ค Share your thoughts below!๐ #DeFi #Web3 #CryptoInvesting