Bloomberg ETF Analyst: Bitcoin Spot ETF has attracted over $780 million in net inflows on its third day of listing

2024-01-17 20:25:49
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ChainCatcher news, Bloomberg ETF analyst Eric Balchunas posted on social media that on the third day of the Bitcoin spot ETF listing, the total net inflow in the market reached $782 million, indicating a positive response from the market to the recently launched nine related ETF products (referred to as the "Newborn Nine"). These new products have an asset under management (AUM) of $2 billion, with a trading volume of $4.5 billion, demonstrating the market's activity and strong interest in the new products. Meanwhile, GBTC experienced a decline in asset value of about $1.2 billion, but the strong performance of the new products effectively offset this impact.

He stated that the organic growth of these new ETFs and the stable premium rate between market prices and Bitcoin value reflect the health and vitality of the Bitcoin spot ETF market.

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