Summary
- It was stated that Bitcoin spot ETFs would find it difficult to reduce the gap with traditional ETFs.
- While IBIT achieved $50 billion in its first year, it was reported that more adoption and capital inflow are still needed.
- It was pointed out that while the correlation with stocks needs to break, it won't be easy to surpass traditional ETFs at this point.
An opinion has emerged that Bitcoin spot ETFs will find it difficult to narrow the gap with U.S. stock market ETFs.
On the 18th (local time), Bloomberg analyst Eric Balchunas stated via X that "while BlackRock's Bitcoin spot ETF is certainly a noteworthy product," he noted that "it won't be easy to close the gap with other traditional (stock market-based) ETFs such as Vanguard S&P500 ETF (VOO), iShares S&P500 ETF (IVV), and Vanguard U.S. Stock Market ETF (VTI)."
He pointed out that "unlike VOO, which took 6 years to reach $50 billion, IBIT achieved this milestone in its first year," but added that "nevertheless, much more adoption and capital inflow will be needed." He further stated that "the correlation with stocks needs to break," and emphasized that "since Bitcoin tends to fall more significantly when stocks decline, it will be difficult to surpass traditional ETFs."
Meanwhile, these comments came in response to claims from Bitcoin investors that IBIT would become the largest ETF by assets after Vanguard's VOO secured the top position in U.S. ETF assets.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![Shock that there is 'no US government backstop'… Bitcoin retreats to the $60,000 level; Ethereum also rattled [Lee Soo-hyun’s Coin Radar]](https://media.bloomingbit.io/PROD/news/b23cb4d1-e890-4f1c-aa52-f18f45dc8192.webp?w=250)
