Data: The flow of spot Bitcoin ETF has exceeded 3.19 billion US dollars
Bitget2024/02/07 04:57
According to data from Eric Balchunas, a senior ETF analyst at Bloomberg, on February 5th, the flow of spot
Bitcoin ETFs has exceeded $3.19 billion, second only to broad-based index funds tracking the SP 500 Index and Vanguard's total stock
market ETF. According to YCharts data, compared with the 3,109 ETFs currently traded in the United States, BlackRock's ETF flow so far ranks in the top 0.16% among all ETFs. The figure derived by Balchunas is slightly different at 0.02%, which seems to be a comparison of BlackRock's ETF performance with an estimated global total of 10,000 ETFs.
Fidelity's Bitcoin fund also ranked high with a performance of $2.51 billion and was eighth among U.S. ETF products. Currently, both BlackRock and Fidelity’s Bitcoin ETF rankings continue to climb; they were respectively ranked eighth and tenth at the end of January.
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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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