ChainCatcher report: BlackRock’s Head of Digital Assets acknowledged during a live stream that, among the top 20 global ETFs by net inflows, BlackRock’s Bitcoin ETF is the only one with a negative return, while all other ETFs are profitable. The Bitcoin ETF has now attracted $26 billion in inflows, ranking fourth globally. The executive noted that this phenomenon indicates Bitcoin is currently undergoing intense rotation and long-term accumulation. Additionally, 90% of investors in BlackRock’s Bitcoin ETF are buying the dip, while only 10%—primarily hedge funds—are engaging in short-term, high-frequency arbitrage trades based on basis differentials.
BlackRock Bitcoin ETF Is the Only Loser Among the Top 20 Global ETFs, 90% of Investors Buy the Dip
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Summary
BlackRock’s Bitcoin ETF is the only loser among the top 20 global ETFs, according to ETF news and trading updates. The fund has attracted $26 billion in inflows, ranking fourth globally. Despite its negative return, 90% of investors are buying the dip, reflecting strong value-oriented sentiment in crypto. Only 10% of hedge funds are employing basis trading for short-term gains. The fund’s performance underscores ongoing accumulation and market turnover in the Bitcoin space.
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