Top Altcoins: Bitcoin ETFs experienced a remarkable debut when they started trading on Thursday, January 11. Following their approval, these ETFs rapidly drew in close to $1.5 billion in fresh capital, with around 500,000 transactions in just two days. Eric Balchunas, a senior analyst at Bloomberg shared this information in a recent tweet on January 13th.
BlackRock’s bitcoin ETF emerged as a frontrunner, attracting almost half a billion dollars in capital in its initial two days. Following closely was Fidelity’s ETF, which garnered $422 million in capital inflows. Bitwise secured the third position, drawing $237 million. However, Grayscale faced challenges, with outflows surpassing $579 million, contrasting sharply with the positive inflows seen by most other ETFs.
Despite a successful launch, the underlying asset BTC underperformed creating an uncertain sentiment in the market. While the majority of major coins triggered a new correction, altcoins like Solana (SOL), Toncoin (TON
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