Spot Bitcoin (BTC) exchange-traded funds (ETFs) have performed well in recent weeks, with consecutive inflows attributed to the recent surge in Bitcoin prices. At press time, these ETFs had $72.55 billion in net assets, equivalent to 5% of Bitcoin’s total market capitalization. 

On October 29, BlackRock’s iShares Bitcoin Trust (IBIT) ETF had its best day in terms of trading volumes in six months after re...