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International Business Times
International Business Times
Business
Marvie Basilan

Retail Makes Up For Majority Of US Spot Bitcoin ETF Inflows: VanEck CEO

Bitcoin VanEck ETF United States SEC
Spot Bitcoin ETFs have become widely popular in the crypto community since their approval in January, but VanEck's CEO believes the billions in inflows are made by retail investors. (Credit: Marco Verch/flickr)

KEY POINTS

  • VanEck's CEO suggested that spot Bitcoin ETFs have yet to be widely accepted among traditional investors
  • He believes 90% of the massive inflows into BTC ETFs are still from retail investors
  • VanEck also applied for a spot ETH ETF, but it isn't confident the SEC will approve

The CEO of investment management firm VanEck said he believes retailers still account for majority of inflows into spot Bitcoin exchange-traded funds (ETFs) in the United States as BTC ETFs recorded billions in inflows weeks ahead of the halving event.

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