Svmuu News According to Eric Balchunas, a senior ETF analyst at Bloomberg, who stated on platform X that while the market focused on the listing of Morgan Stanley's Bitcoin ETF (MSBT), another Bitcoin exchange-traded fund, the Bitcoin After Dark ETF (NGHT), also launched this Wednesday. The product's first-day trading performance was lackluster, but its trading volume saw a significant increase on the second day. Its future market performance remains to be observed.
For long-term ETF investors, holding products similar to MSBT can already yield good returns. However, if NGHT shows strong subsequent capital inflows, it may gain market recognition; conversely, it could quickly become marginalized. Meanwhile, Morgan Stanley's Bitcoin ETF, leveraging its distribution channel advantages, is still expected to achieve significant success.
Bloomberg Analyst: Bitcoin "Day/Night" ETFs Launch on Same Day, NGHT Rebounds but Future Performance Remains to Be Seen
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Source:Odaily · Source Link
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