The first bitcoin exchange-traded fund (ETF) launched in the United States and smashed records on Tuesday, capturing close to $1 billion in total volume. Эрик Балчунас, the senior ETF analyst for Bloomberg said that the Proshares Bitcoin Strategy ETF (BITO) definitely “defied expectations.”
Proshares Bitcoin ETF Commands Serious Volume
Proshares Bitcoin Strategy exchange-traded fund (BITO) did well on its first day, as it closed the day at 4:00 вечера. (EDT) в $41.94 за единицу. журналист Лаура Шин опубликовала статью, в которой утверждается, что, the price of bitcoin (BTC) soared on Tuesday, tapping a high of $64,367 on the crypto exchange Bitstamp fifteen minutes after the closing bell on Wall Street.
As the ETF shares swapped hands on the New York Stock Exchange (NYSE), BITO reached a daily high of over $42. Bloomberg Intelligence analyst James Seyffart твитнул at the end of the day: “Looks like the final tally is gonna be right around ~$990 million in trading for BITO on its first day trading.”
Эрик Балчунас, the senior ETF analyst for Bloomberg, also tweeted about the action the Proshares Bitcoin Strategy ETF saw on Tuesday. “BITO just about $1 [миллиард] in total volume today (curr $993m but trades still trickling in),” Balchunas сказал. “Easily the biggest Day One of any ETF in terms of ‘natural’ Категория. It also traded more than 99.5% of all ETFs ([включая] some big [ones] like DIA, ARKK, SLV). Это [definitely] defied our expectations.” The analyst added:
If we don’t exclude ETFs where their Day One volume was literally one pre-planned giant investor or BYOA (not natural), it still ranks #2 overall. Here’s that list. The reason some of these shouldn’t be included IMO is they don’t really represent grassroots interest.
While the Proshares bitcoin ETF had a decent day, биткойн (BTC) spot markets also rampaged on October 19. BTC’s market cap swelled over $1.2 trillion on Tuesday and there’это было $42.4 billion in global trade volume throughout the day.
Balchunas stressed that the result of today’s first bitcoin ETF performance in the U.S., “makes life that much harder for the next in line ETFs to succeed.” Добавил он: “Every day counts [так как] once an ETF gets [known] в виде ‘the one’ and has tons of [ликвидность], Это’s virtually imposs to steal (see SPY, GLD).” Balchunas заключил:
What does this mean for assets? My guess is about half of this volume will end up as flows next two days. [Probably] looking at $750 [миллион] by end of week, something like that. Tomorrow’s volume will be interesting and how much it comes down to Earth vs [staying] high.
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