Odaily Planet Daily reports: BlackRock’s Head of Digital Assets admitted during a live stream that, among the top 20 global ETFs by fund 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 stated that this phenomenon indicates Bitcoin is currently undergoing intense turnover 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’s Bitcoin ETF Is the Only Loser Among the Top 20 Global ETFs, with 90% of Investors Buying the Dip
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Summary
ETF trading activity intensified as BlackRock’s Bitcoin ETF remained the only negative performer among the top 20 global ETFs by inflows. The fund has attracted $26 billion, ranking fourth globally. BlackRock’s head of digital assets noted that Bitcoin is in a phase of heavy turnover and long-term accumulation. Value investing in crypto is evident, with 90% of ETF investors buying the dip, while only 10% of hedge funds engage in high-frequency basis trading.
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