Bloomberg Analyst: Vanguard Sees About $30 Billion Inflows Since Spot Bitcoin ETF Launch
Bloomberg analyst Eric Balchunas stated that since the launch of the Bitcoin futures ETF, Vanguard has attracted approximately $30 billion in funds, which is six times the inflow of funds for the Bitcoin futures ETF. The analyst said, "They (Vanguard) are on another level, and I say that because I am in awe of the achievements of the Bitcoin futures ETF, but Vanguard is a giant in TradFi." Vanguard previously stated that it would not launch a Bitcoin futures ETF.
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
DOGS and PEPE fall short on utility, could struggle to compete with Rexas Finance (RXS) in long run
German Crypto Crackdown: 47 Exchanges Shut Down Over Criminal Links