 |
|
| node: | Why the bitcoin ETF inflows are a huge disappointment |
| template: | 4 |
| parent: | Bitcoin (The Church of Satoshi and Latter Day Coins) |
| owner: | Prospero |
| viewed by: | |
| created: | 17.01.2024 - 15:04:52 |
| updated: | 17.01.2024 - 15:05:30 |
|
cwbe coordinatez: 101 63540 63590 5734320 9119956 ABSOLUT KYBERIA |
| permissions | |
| you: | r, |
| system: | public |
| net: | yes |
total descendants::0
total children::0
https://www.forexlive.com/Cryptocurrency/why-the-bitcoin-etf-inflows-are-a-huge-disappointment-20240113/
...
A crypto ETF launch is like opening weekend at a box office -- especially ETFs as well-advertized as these ones -- your opening weekend is highly predictive of the total take-home.
Again, the Canadian ETF is instructive. It's $421m two-day total only doubled at the end of two months, finished the year at $741m and didn't sustainably rise above $1 billion until this year (it's at $2b currently).
If the new ETFs follow that path, they would have just $2.4 billion by year end... and that's excluding GBTC, BITO, Coinbase and BTCC.U outflows.
The BITO futures ETF brought in $1.1 billion in its first two days in 2021, almost double the to $652m net of these new ETFs. It didn't get above $1.4 billion until October of 2023.
Looking at the 25 largest ETF launches ever, none of them have had meaningful flows beyond the first day since the stone ages of ETFs.
...
...
A crypto ETF launch is like opening weekend at a box office -- especially ETFs as well-advertized as these ones -- your opening weekend is highly predictive of the total take-home.
Again, the Canadian ETF is instructive. It's $421m two-day total only doubled at the end of two months, finished the year at $741m and didn't sustainably rise above $1 billion until this year (it's at $2b currently).
If the new ETFs follow that path, they would have just $2.4 billion by year end... and that's excluding GBTC, BITO, Coinbase and BTCC.U outflows.
The BITO futures ETF brought in $1.1 billion in its first two days in 2021, almost double the to $652m net of these new ETFs. It didn't get above $1.4 billion until October of 2023.
Looking at the 25 largest ETF launches ever, none of them have had meaningful flows beyond the first day since the stone ages of ETFs.
...