ARK Invest Says U.S. Spot Bitcoin ETF Investors Returned to Profit in September
JH Kim
Summary
- Investors in spot Bitcoin (BTC) exchange-traded funds (ETFs) in the U.S. returned to profit in September.
- Bitcoin rose about 43% in the third quarter, helping drive a recovery in profitability for ETF investors.
- The analysis shows changes in profitability for spot ETF holders as Bitcoin prices rose.
Forecast Trend Report by Period
Investors in U.S. spot Bitcoin exchange-traded funds returned to profit in September as Bitcoin climbed about 43% in the third quarter.
Cointelegraph reported on Oct. 16 that holders of U.S. spot Bitcoin ETFs had moved back into profit in September based on unrealized gains and losses.
Bitcoin rose about 43% during the third quarter, helping restore profitability for ETF investors.
The analysis shows how rising Bitcoin prices changed the profitability of spot ETF holders.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.