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News - Bitcoin ETFs: $4 billion on the first day?
Wall Street money is what the crypto sector is hoping for. Now that the eleven Bitcoin ETF's are approved, this dream may become a reality. If Bloomberg is to be believed, the market is expected to generate capital inflows of $4 billion on the first day.
JUST IN: Bloomberg predicts $4 Billion could flow into #Bitcoin ETFs on the first day of trading, with $2 billion directly from BlackRock. 🧐
— Bitcoin Archive (@BTC_Archive) January 11, 2024
The prediction was published by the data analysis platform via X. Comparing the volumes with Bitcoin ETFs in Europe, it becomes clear: the big money is coming from the US. The 10 largest European ETFs have been on the market for years and have a total volume of approximately US$2.5 billion. Bloomberg estimates that capital inflows could increase to a total of $50 billion over the next two years.
