Cryptocurrencies
Bitcoin ETFs ‘Deemed a Success’ By Key Measures One Month After Debut
- BlackRock, Fidelity funds have seen largest investor inflows
- Investor inflows, volume among the best ever, BI analysts say
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One month after their historic launch, ETF insiders and crypto proponents alike say Bitcoin spot funds are proving an unequivocal success on key trading measures.
Some 21 trading days in, the funds have raked in about $2.8 billion in total net inflows, data compiled by Bloomberg Intelligence show. That takes into account the $6.4 billion investors yanked from the Grayscale Bitcoin Trust (ticker GBTC) after it was converted from a trust into an exchange-traded fund.