A long awaited batch of spot Bitcoin exchange-traded funds is already influencing the way crypto markets function, just two months after they launched in the US on Jan. 11.
The spot Bitcoin ETFs brought to market by the likes of BlackRock Inc. and Fidelity Investments have already drawn net inflows of about $10 billion, while helping to push the price of the token they track to record highs. Bitcoin topped $72,900 for the first time on Tuesday, before pulling back to around $70,000.
