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BlackRock Digital Asset Head: Among Global Top 20 ETFs, Only Bitcoin ETF Shows Losses; 90% of Investors Buy More as Prices Drop
Svmuu News BlackRock's Head of Digital Assets revealed in a live broadcast that among the top 20 global ETFs by fund inflows, only the BlackRock Bitcoin ETF has a negative return, while all other ETFs are profitable. The BlackRock Bitcoin ETF has currently attracted $26 billion in inflows, ranking fourth globally. The executive stated that this phenomenon indicates Bitcoin is in a phase of intense turnover and long-term accumulation. Furthermore, 90% of investors in the BlackRock Bitcoin ETF are buying more as prices decline, with only 10% being hedge funds engaging in short-term, rapid high-frequency trading using basis trades.
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Source：Odaily · Source Link
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