Bloomberg analyst Eric Balchunas stated on X platform that 500 ETFs were launched in 2023, and their total trading volume now stands at $450 million. The best performer has a trading volume of $45 million, while the trading volume of BlackRock's Bitcoin ETF (IBIT) alone exceeds the total of these 500 ETFs. The analyst explained that "it is difficult to obtain trading volume, even more difficult than liquidity. Half of the trading volume of these 500 new ETFs today is less than $1 million. Because trading volume must naturally form in the market and cannot be forged, it gives ETFs the ability to continue operating."
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Bloomberg Analyst: BlackRock Spot Bitcoin ETF Trading Volume Exceeds Last Year’s 500 New ETFs Combined
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The final value of the US one-year inflation rate in November is expected to be 2.6%, the expected value is 2.7%, and the previous value is 2.60%
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Cointime July 27th News Express
1. As of July 25, BlackRock IBIT held more than 338,000 bitcoins, an increase of more than 1,092 bitcoins from the previous day. -
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