Summary
- Eric Balchunas, Bloomberg's senior analyst, stated that about 2% of this year's ETF market growth came from Bitcoin (BTC) spot ETFs.
- He explained that the market share of Bitcoin ETFs is currently quite small.
- He added that the global ETF market has grown by 32% this year compared to the previous year.
Eric Balchunas, Bloomberg's senior ETF analyst, stated on the 12th (local time) via X (formerly Twitter) that "the ETF market has grown by about $3.7 trillion this year," and "Bitcoin (BTC) spot ETFs accounted for about 2% of that growth."
He continued, "It's surprising that a new category has been launched and accounted for 2% of the ETF market growth," adding, "However, the market share of Bitcoin ETFs is still quite small compared to the attention they have received."
Furthermore, he added, "This is a good example of how large the asset class market is," and "the global ETF market has grown by 32% this year compared to the previous year, which is significantly above the average annual growth rate of the ETF market up to 2020."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
