Summary
- Eric Balchunas, Bloomberg's Senior ETF Analyst, reported that Bitcoin exchange-traded funds account for 90% of global crypto asset fund assets.
- Although altcoin and meme coin ETFs are expected to be launched this year, their impact on the market is expected to be limited.
- Bitcoin ETFs are likely to continue to maintain a market share of 80-85% in the overall market.
Eric Balchunas, Bloomberg's Senior ETF Analyst, stated on the 21st (local time) via X (formerly Twitter) that "Bitcoin (BTC) exchange-traded funds (ETFs) currently account for 90% of global crypto asset fund assets," and analyzed that "although many altcoin and meme coin ETFs are expected to be launched this year, their impact on the market will be limited."
He added, "Bitcoin ETFs are likely to continue to maintain a market share of 80-85% in the overall market."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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