BlackRock Head of Digital Assets: Among the world's top 20 ETFs, only bitcoin ETF is losing money; 90% of investors buy more as prices fall

Odaily reported that the Head of Digital Assets at BlackRock admitted during a livestream that among the top 20 global ETF inflows, only BlackRock's bitcoin ETF has a negative return, while all other ETFs are profitable. Currently, BlackRock's bitcoin ETF has seen inflows of $26 billions, ranking fourth globally. The executive stated that this phenomenon indicates bitcoin is undergoing intense turnover and a period of long-term accumulation. In addition, 90% of investors in BlackRock's bitcoin ETF are buying more as the price drops, while only 10% of hedge funds are using basis trading for short-term, high-frequency trades.