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International Business Times
International Business Times
Business
Nica Osorio

Bitcoin Struggles Amid ETF Accumulation Of 95,000 BTC And $4B AUM

Bitcoin ETF Eric Balchunas BlackRock FBTC Fidelity United States Arthur Hayes Michaël van de Poppe GBTC
Bitcoin experienced a notable 2.62% decrease in its value within a single day, coupled with a 4.38% loss over the past seven days and was trading at $40,668.51 on Monday morning. (Credit: Kostenlose Bilder mit KI/flickr)

KEY POINTS

  • Bitcoin experienced a notable 2.62% decrease in its value within a single day
  • Spot Bitcoin ETFs' fifth day of trading witnessed a remarkable 34% surge in trading volume
  • As of 6:10 a.m. ET on Monday, Bitcoin was trading at $40,751.86

Bitcoin, the world's largest crypto asset by market capitalization, struggled as it traded below the $41,000 price point amid the remarkable performance of the recently approved spot BTC exchange-traded funds, which accumulated 95,000 BTCs and hit the $4 billion assets under management (AUM) mark in less than a week of trading.

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