Bloomberg analysts: Expect $4 billion in funds to flow in on the first trading day of the Bitcoin spot ETF
ChainCatcher news, Bloomberg Intelligence senior ETF analyst Eric Balchunas stated that BlackRock may inject $2 billion in assets on the first trading day of the spot Bitcoin ETF, breaking the first-day flow record. The seed capital could provide momentum for BlackRock in the competition among 11 ETFs.
Additionally, Eric Balchunas believes that all these ETFs could raise up to $4 billion in funds on their first trading day and raise $50 billion within two years.
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