The world of cryptocurrency has once again witnessed remarkable events, with Bitcoin ETFs reaching historic milestones and rumored investments by major players such as Jeff Bezos. Let's take a deeper look at these developments and what they mean for the market.
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Bitcoin ETFs Hit Historic $7.7 Billion Trading Volume, Doubling Records
U.S. Bitcoin ETFs have set a new trading volume record, with an impressive $7.69 billion on Feb. 28. This marks more than double the previous record on their launch day on Jan. 11. This performance is led by BlackRock's iShares Bitcoin ETF (IBIT), contributing 43.5% of the total volume. Growing investor engagement is evident, with nine new ETFs breaking their previous volume records within the first half of the trading day.
Jeff Bezos Sparks Bitcoin Investor Rumors After Share Liquidation
Rumors are circulating that Jeff Bezos, the founder of Amazon, may be investing in Bitcoin after selling $8.5 billion in Amazon shares. The crypto world is speculating about Bezos' possible interest in BTC, based on recent financial moves and meetings with Bitcoin proponents such as Michael Saylor. A mysterious Bitcoin wallet transaction and Bezos' sale of Amazon shares have further fueled speculation.
To strengthen the transparency of the ARK 21Shares Bitcoin ETF (ARKB), Ark Invest and 21Shares have integrated Chainlink Proof of Reserve on the Ethereum mainnet. This allows investors to verify that the ETF's Bitcoin reserves fully support value. These transparency initiatives follow the growing acceptance of Bitcoin ETFs since their approval by the US SEC in January.
Recent events in the world of cryptocurrency show that the market is in full swing, with historic milestones and growing interest from major players. As Bitcoin ETFs break records and rumors of investments by Jeff Bezos circulate, the market continues to evolve. Stay tuned to Crypto Guide for further updates and analysis as we continue to closely monitor these developments.