The investment funds circulated in Bitcoin are prosperous-but the growth of self-bodies has just broke a 15-year-old line star-news.press/wp

The investment funds circulating in Bitcoin (the United States’ stock boxes) continued to be headquartered, after began trading in January 2024, and broke the records in the global ETF market. Recently, ISHARES Bitcoin Trust (with Ticker Ibit) has become the fastest ETF up to $ 80 billion of management assets.

It is not surprising, it appears that the growing popularity and the acceptance of the Bitcoin investment funds turning the scene of investment in encryption. He also recently revealed a prominent analyst on the X social media platform, it seems that BTC investors prefer a more traditional way to interact with the largest encrypted currency in the world.

Is Bitcoin etfs a deviation from the spirit of decentralization in BTC?

In the July 18 publication on X, Willie Wow encryption analyst subscriber The growth rate of Bitcoin users for self -fraud continued to decrease during the past year. This increased development, which was attributed to the rise of investment funds circulating in the immediate bitcoin, led to the end of a 15 -year -old direction.

This insight depends on the Glassnode series on the scale of clear growth, which measures the rate in which new users come to Blockchain daily (Bitcoin, in this scenario). Wu explained that this scale does not only track the addresses but the entities, which indicate addresses that gather together in the single users.

The clear entities of growth indicate an estimate of the difference between the new entities and the “hidden” entities (the bile entities that had a non -zero balance in the previous time in the previous time). As observed in the graph below, this scale was in a declining direction since 2023, which has worsened since the emergence of investment funds circulating in Bitcoin in the United States.

Source: @woonomic on X

This trend indicates that investors are increasingly choosing to enter the Bitcoin market through institutional encryption products such as boxes circulating on the stock exchange instead of buying directly in private encryption portfolios. The most prominent Woo in response to the comment on X that this shift can lead to the centralization of the width.

Interestingly, this development is somewhat defeated by the basic spirit of Bitcoin as defined by Satoshi Nakamoto, which revolves around building a central financial system. However, the belief is that the investment funds circulated in Bitcoin is a gateway to encryption investments for people-primarily the largest generation-who cannot easily reach them through the typical path (self-friction governor).

Member of the encryption community on x:

ETFS did not steal the users from cold storage … they opened the market for those who were closed behind the walls of compliance.

Bitcoin price at a glance

From writing these lines, the BTC price is about 108,200 dollars, which reflects an increase of 0.4 % over the past 24 hours.

The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView

Distinctive image created by Dall.e, TradingView graph

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