Bitcoin hits two-year high: Is the cryptocurrency market experiencing unstoppable momentum?

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Jessica Amir joined discussion · Feb 28 15:58

Bitcoin ETF trends; $7.4 billion flows out of the most expensive BTC ETF, vs $6 billion flowing into the cheapest BTC ETF

The crowd have move with their feet, backing low fees. This is what you need to know about the trends from the 10 spot Bitcin ETFs

1. All 10 BTC $Bitcoin (BTC.CC)$ spot ETFs rose + 28% month to date

2. But $7.4 billion in funds has been withdraw from Grayscale BTC ETF $Grayscale Bitcoin Trust (GBTC.US)$

3. While $6 billion has gone into iShares Bitcoin Trust $iShares Bitcoin Trust (IBIT.US)$ in management. $3.8 billion of that, flew in over the last 30 days

4. iShares ETF $IBIT has the lowest cost fees vs ARK and VanEck, and IMO has the best global name/ reputation

5. iShares BTC Trust ETF $IBIT has an expense ratio of 0.12%. Its cheaper than Arks $ARK 21Shares Bitcoin ETF (ARKB.US)$ 0.21% vs VanEck's $VanEck Bitcoin Trust (HODL.US)$ 0.20% and Grayscale BTC ETF $Grayscale Bitcoin Trust (GBTC.US)$ 1.5% fee.

Bitcoin ETF trends; $7.4 billion flows out of the most expensive BTC ETF, vs $6 billion flowing into the cheapest BTC ETF

Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more

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Jessica Amir

Moomoo Official Market Strategist

moomoo, market strategist. Seen/heard on Fox News Business, ABC, SBS, Reuters wires. Investor/Trader. Connect with me.

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