Peirce, also known as "crypto mom" in the cryptocurrency community, enthusiastically acknowledged the newfound investment opportunities unlocked with the approval of Bitcoin ETFs.
Grayscale Bitcoin Trust ETF (GBTC) Bitcoin balance currently stands at approximately 553,000 BTC, marking a notable decrease of approximately 12% from its peak level of 630,000 BTC.
ARKB, on its eighth day of trading, the fund experienced a notable inflow of $110.5 million, further solidifying its position as an attractive investment vehicle in the Bitcoin ETF landscape.
Industry observers believe that the combination of locked positions and high fees has created a strong incentive for investors to pursue more cost-effective options.