Eric Balchunas: "Bitcoin (BTC) Spot ETF Sees $4.2 Billion Inflows This Year... Quietly Explosive Performance"
- Bitcoin spot ETF has seen explosive performance with net inflows reaching 6 trillion KRW this year.
- Bitcoin spot ETF accounted for 6% of the total ETF inflows.
- Bitcoin AUM reached $121 billion, with a return of 127%.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Bitcoin (BTC) spot Exchange-Traded Funds (ETFs) listed in the United States have reportedly seen net inflows of $4.2 billion (approximately 6 trillion KRW) this year.
On the 24th, Eric Balchunas, a senior ETF analyst at Bloomberg, stated on X (formerly Twitter), "Bitcoin spot ETFs have quietly shown explosive performance since the beginning of this year, with inflows reaching $4.2 billion. This accounts for 6% of the total ETF inflows."
The U.S. Bitcoin spot ETFs have recorded over $40 billion in net inflows since their launch, with Assets Under Management (AUM) at $121 billion and a return of 127%.
He added, "Ethereum spot ETFs have also seen net inflows of $130 million this year," noting that "even if 10 altcoin ETFs are launched in the future, they will compete for a relatively small piece compared to Bitcoin."

Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.PiCK News
"Over 600,000 New Coins Launched Last Month Alone... Will Alt Season Be Delayed Due to Liquidity Dispersion?"
6 hours ago
"Hong Kong Financial Authorities Consider Introducing Virtual Asset Leverage and Inverse ETFs"
9 hours ago
'Trump Effect' Expectations Soar... 'Bold Forecasts' for Altcoins
10 hours ago
US Digital Assets & AI Czar: 'Major Announcements Coming on Digital Assets'
14 hours ago
US Ethereum Spot ETF Records $11.7M Net Inflow
15 hours ago