Four Bitcoin ETFs secure top spots in Bloomberg’s global ETF asset race

Quick Take

Eric Balchunas, a Senior ETF Analyst at Bloomberg, has compiled a chart showcasing the Top 30 ETFs by assets accumulated in their initial 50 days of trading.

This impressive lineup is selected from a vast pool of 11,338 ETFs worldwide and includes four Bitcoin ETFs among the frontrunners. Notably, the BlackRock IBIT and Fidelity FBTC ETFs have distinguished themselves in terms of their asset gathering, according to Balchunas.

Moreover, the Bitwise BITB ETF has achieved a milestone by outperforming the established GLD gold ETF, while ARKB has secured the seventh spot in the rankings.

Balchunas has noted that even adjusting for inflation, the performance of Bitcoin ETFs, and IBIT in particular, has been exceptional, describing it as a “blowout.”

The chart also includes other relatively new ETFs like NUGO, which started in September 2021 and has claimed the sixth spot, as well as BBJP and USCL. The Invesco QQQ ETF, mirroring the Nasdaq-100 index, has secured the 12th position, highlighting the strong entrance of these Bitcoin ETFs into a dynamic investment sphere.

ETF AUM first 50 days
Assets After 50 Trading Days ($billion): (Source: Eric Balchunas, Bloomberg Intelligence)

The post Four Bitcoin ETFs secure top spots in Bloomberg’s global ETF asset race appeared first on CryptoSlate.

Leave a Reply

Your email address will not be published. Required fields are marked *