Bloomberg analyst: Bitcoin spot ETF expected to see $4 billion in inflows on first trading day

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Cointime2024/01/11 00:26

By:Cointime

Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, said that BlackRock may inject $2 billion in assets on the first day of trading of its spot Bitcoin ETF, breaking the first-day flow record. Seed funding may provide impetus for BlackRock's competition in 11 ETFs. Eric Balchunas believes that all of these ETFs can raise up to $4 billion on the first day of trading and raise $50 billion in two years.

Previously reported by BlockBeats, Matthew Sigel, head of digital asset research at VanEck, said during a Twitter Space that BlackRock has raised $2 billion in funding from existing Bitcoin holders, hoping to convert these funds into spot Bitcoin ETFs within the first week.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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