Bitcоin
Spot Bitcoin ETFs vs MicroStrategy, What’s A Better BTC Proxy Bet?
The spot Bitcoin ETF inflows have surged once again after a dull start to the month of October. On Monday, the US BTC ETFs saw $555 million in inflows scooping 8,359 Bitcoins from the open market. This comes as US indices continue to show strength amid improving macros. Additionally, investors are arguing that BTC ETFs are a better way of seeking exposure to Bitcoin instead of MicroStrategy, as the latter’s valuation looks pricy considering the firm’s $15.5 billion Bitcoin holdings.
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