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Investor fervor for new US spot Bitcoin ETFs fuels more than $1 billion inflows to crypto product.
Oluwapelumi Adejumo 2 min read 
Bitcoin ETFs see $720M inflow as Grayscale adjusts holdings with Coinbase transfer.
Grayscale's new ETF filing signals a commitment to expanding its Bitcoin investment products.
The newly launched Bitcoin ETFs are enjoying record trading activities within their early hours of trading.
CEO Michael Sonnenshein called the event a "monumental step forward."
Grayscale's Bitcoin Trust is experiencing heavy trading activity as ETF approval looms.
Grayscale cuts Bitcoin ETF management fees amid intense competition from rivals.
Balchunas speculates on Bitcoin ETFs as potential cost rivals to crypto exchanges, igniting debate over fee sustainability and securities lending.
Both firms are seeking spot Bitcoin ETFs that could be approved this month.
