Eric Balchunas: "Bitcoin (BTC) Spot ETF Sees $4.2 Billion Inflows This Year... Quietly Explosive Performance"
Summary
- Bitcoin spot ETF has seen explosive performance with net inflows reaching 6 trillion KRW this year.
- Bitcoin spot ETF accounted for 6% of the total ETF inflows.
- Bitcoin AUM reached $121 billion, with a return of 127%.
Bitcoin (BTC) spot Exchange-Traded Funds (ETFs) listed in the United States have reportedly seen net inflows of $4.2 billion (approximately 6 trillion KRW) this year.
On the 24th, Eric Balchunas, a senior ETF analyst at Bloomberg, stated on X (formerly Twitter), "Bitcoin spot ETFs have quietly shown explosive performance since the beginning of this year, with inflows reaching $4.2 billion. This accounts for 6% of the total ETF inflows."
The U.S. Bitcoin spot ETFs have recorded over $40 billion in net inflows since their launch, with Assets Under Management (AUM) at $121 billion and a return of 127%.
He added, "Ethereum spot ETFs have also seen net inflows of $130 million this year," noting that "even if 10 altcoin ETFs are launched in the future, they will compete for a relatively small piece compared to Bitcoin."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![Dow Tops 50,000 for First Time Ever as “Oversold” Narrative Spreads [New York Stock Market Briefing]](https://media.bloomingbit.io/PROD/news/1c6508fc-9e08-43e2-81be-ca81048b8d11.webp?w=250)
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