Friends who are not familiar with cryptocurrency will inevitably have misunderstandings or prejudices. After all, it is often in the news together with fraud cases. This round of crazy rise is mistakenly due to the huge demand for fraud. XD It is such a misunderstanding. So who is buying it? Answer It's the US market

The main reason is driven by the U.S. Bitcoin ETF. Bitcoin EFT has been pushed up by strong demand from investors.

3/5 The daily trading volume exceeded 10 billion US dollars. This is a very crazy thing. An ETF that has only been around for two months has completed the journey that gold ETFs have taken for several years. Its performance is very impressive. Currently, there are # in the United States. Among the 2365 ETFs, Bitcoin EFT accounts for #10

The main data of the trading day on 3/5 are as follows:

BlackRock: About $4 billion

Grayscale: ~$2.5 billion

Fidelity: About $2 billion

Ark: ~$400 million

The total of the 10 grades exceeded 10 billion

Among the top 30 EFT trading volumes in the United States, Bitcoin accounts for two, so you know how strong the demand is.

As of March 6, the cumulative net inflow of Bitcoin ETFs was US$332 million, and the total number of BTC held by ten Bitcoin ETFs was 787,584 BTC (approximately US$52 billion)

#NetInflow