‘Simply Absurd’ Bitcoin ETF Performance Excites Analysts

performance

The launch of Bitcoin ETFs in early January 2024 was one of the most anticipated milestones for the industry. Can we consider the creation of BTC ETFs as a class successful? Eric Balchunas shares his opinion.

Content
Advertisement

The launch of Bitcoin ETFs in early January 2024 was one of the most anticipated milestones for the industry. Can we consider the creation of BTC ETFs as a class successful? Eric Balchunas shares his opinion.

$55 billion in assets, $110 billion in volume: here’s what BTC ETFs achieved in two months

Given that 10 US Bitcoin ETFs have accumulated $55 billion in assets and recorded 100% higher trading volume, their success should be considered “simply absurd,” Bloomberg Senior ETF Analyst Eric Balchunas says in X .

The experienced expert admitted that even if these were the figures at the end of the year 2024, he would rate these achievements as a success.

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.

Related
$50,000,000,000: Bitcoin ETFs passed a major milestone

As Guru-Investingpreviously reported, the Bitcoin spot ETF segment in the US surpassed $50 billion in total liquidity volume a week ago.

Grayscale, Fidelity, and BlockRock products are responsible for most of this huge amount.

Ethereum ETF: Will Hong Kong lead the way?

Right now, analysts are discussing the potential for Ethereum ETF approval in the United States. The launch of ETH spot ETFs could be delayed thanks to both political tensions and the unclear security status of Ethereum (ETH).

As the ETH ETF saga gains traction, Hong Kong could be the first country to give the green light to Ether ETF trading. As noted by Chinese crypto journalist Colin Wu, local media outlets are discussing such opportunities.

If the rumors come true, Hong Kong will have the opportunity to go from follower to leader, the industry representative added.

Leave a Reply

Your email address will not be published. Required fields are marked *

Best Exchanges
Buy, trade, and hold 600+ cryptocurrencies on Binance
Buy, trade, and hold 450+ cryptocurrencies on ByBit
Buy, trade, and hold 150+ cryptocurrencies on Kucoin
Buy, trade, and hold 100+ cryptocurrencies on BitFinex 
Buy, trade, and hold 150+ cryptocurrencies on CoinBase

Guru Investing is an independent source of information about investing , not controlled by any broker. All our reviews and guides are created honestly, according to the best knowledge and judgement of the members of our independent expert team; however, they are intended for informative purposes only and should not be construed as, nor relied upon as, legal advice. You should always make sure that you meet all regulatory requirements before making any financial operations . Copyright ©2024 Email for contact [email protected]
follow telegram
pornhd.com hindisexyporn.com kashmiri girls sex jayasex indaporn.info desi bhabi xxx xlnindia sexo-vids.com 1st time sex video たかはししょうこ動画 javfuck.mobi 真正中出し3本番 彩乃なな sex film sexy film xxxhindividoes.com xnxx indian teens
ano nga ba ang pangarap iwantmoreteleserye.com hello heart episode 3 reshma hot saree images nuporn.mobi xvidies com bihar chudai tubezaur.mobi heroine photo hot dasixx hardcoreporntrends.com ileana d'cruz hot photoshoot www.xxxsexvideo.com xbeegtube.mobi hindi movi
www sxe vidoes erohardcore.info boops sucking dehati fuck kitporn.info chuk chuk rail fuckcomix.com mojoporntube.net gujaratisexvidio probinsyano october 18 2021 full episode freeteleseryetv.net ang probinsyano july 14 2022 قصص سكس كرتون cmsextra.net سكس بنات تخينة