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Wu said he learned that according to Glassnode, the cost base of bitcoin spot ETFs such as BlackRock, Fidelity and Grayscale ranges from $54,900 to $59,100. The cost basis model can provide a balance point for ETF investors approximately. Since the beginning of January, the results show that 4% to 5% of the overall net capital flowing into the bitcoin market is related to currencies flowing into U.S. spot ETFs.
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