The launch of Bitcoin ETFs in early January 2024 was among the most anticipated milestones for the industry. Can we call the inception of BTC ETFs as a class successful? Eric Balchunas shares his take.Given the fact that 10 Bitcoin ETFs in the U.S. amassed $55 billion in assets and registered 100% larger trading volume, their success should be considered"simply absurd," Senior ETF Analyst at Bloomberg Eric Balchunas says on X.
He also added that he is personally surprised by the impressive performance of Fidelity's FBTC and BlackRock's IBIT products compared to their competitors.As covered by U.Today previously, the Bitcoin Spot ETF segment in the U.S. surpassed $50 billion in total volume of liquidity one week ago.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin Tops $47K as Spot Bitcoin ETFs Book One of Their Best DaysKrisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.
Source: CoinDesk - 🏆 291. / 63 Read more »
Spot bitcoin ETFs saw $1.1 billion of inflows last week, CoinShares saysSpot bitcoin ETFs dominated the market of crypto investment products last week with $1.1 billion of inflows, CoinShares said.
Source: TheBlock__ - 🏆 464. / 53 Read more »
Gensler says SEC's approval of spot bitcoin ETFs in January was 'cabined'SEC Chair Gary Gensler said the agency is merit-neutral following the agency's approval of spot bitcoin ETFs, in an interview with CNBC.
Source: TheBlock__ - 🏆 464. / 53 Read more »
South Korea’s ruling party considers allowing spot bitcoin ETFs in election pledges: reportThe People Power Party may pledge to eliminate the ban on spot bitcoin ETFs, institutional investment in crypto and IEOs.
Source: TheBlock__ - 🏆 464. / 53 Read more »
Bitcoin ETFs See Record $2.4B Weekly Inflows; BlackRock's IBIT Leads: CoinSharesKrisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.
Source: CoinDesk - 🏆 291. / 63 Read more »
South Korea’s opposition party vows to endorse spot bitcoin ETFs: reportNow both the ruling and opposition political parties of South Korea are promising to allow spot bitcoin ETFs ahead of the upcoming election.
Source: TheBlock__ - 🏆 464. / 53 Read more »