Bloomberg Analyst: Spot Bitcoin ETF has attracted a net inflow of US$782 million on its third day of listing

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Cointime2024/01/17 12:35

By:Cointime

On January 17th, Bloomberg ETF analyst Eric Balchunas wrote on X platform that on the third day of the launch of the spot Bitcoin ETF, the total net inflow to the market reached $782 million, showing a positive response from the market to the nine related ETF products recently launched.

The assets under management (AUM) of these new products are $2 billion, and the trading volume is as high as $4.5 billion, indicating market activity and strong interest in new products. At the same time, the largest Bitcoin trust on the market, GBTC (Grayscale Bitcoin Trust), experienced a decline in asset value of about $1.2 billion, but the strong performance of the new products effectively offset this impact.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Cryptopolitan•2025/01/16 09:33