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.
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