Bloomberg Analyst: Even with a BTC Price Pullback, BlackRock IBIT's Annualized Return Remains Close to 80%
Jinse Finance reported that Eric Balchunas, Senior ETF Analyst at Bloomberg, stated that even with a price pullback, bitcoin's price has still increased by as much as 300% since BlackRock submitted its bitcoin ETF (IBIT) application 30 months ago, which is equivalent to an annualized return of nearly 80%. Therefore, the market does not need to worry.
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.
You may also like
The scale of cryptocurrency lending vaults has grown to over 10 billions dollars.
The Reserve Bank of Australia faces a dilemma in its rate hike path: the job market is cooling faster than expected, but inflationary pressures remain persistent.
Christopher Kent, Assistant Governor of the Reserve Bank of Australia (RBA), stated that the Australian labor market is showing signs of cooling faster than the central bank had anticipated. This highlights the dilemma faced by policymakers: striving to curb inflation while also preserving the gains already achieved in the job market.
Silver Price Forecast: XAG/USD gains above $57.50 as Fed rate hike bets decrease
Crypto prices
More
