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The Bitcoin ETF listed on the spot market has attracted a net inflow of 782 million US dollars on the third day

The Bitcoin ETF listed on the spot market has attracted a net inflow of 782 million US dollars on the third day

2024/01/17 12:28

Bloomberg ETF analyst Eric Balchunas wrote on X platform that on the third day of listing for the spot Bitcoin ETF, the total net inflow in the market reached $782 million, indicating a positive response from the market towards the recently launched nine related ETF products. These new products have an Assets Under Management (AUM) of $2 billion and a trading volume of up to $4.5 billion, demonstrating market activity and strong interest in new products. Meanwhile, Grayscale Bitcoin Trust (GBTC), the largest Bitcoin trust in the market, experienced a decrease in asset value of approximately $1.2 billion, but the strong performance of these new products effectively offset this impact.

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