Bitcoin ETFs Are 'Some Of The Best Launches In History,' Says Analyst, But Ethereum ETF Unlikely Before 2025
Portfolio Pulse from Ivan Crnogatić
James Seyffart, an ETF analyst at Bloomberg Intelligence, discussed the performance of Bitcoin ETFs, particularly highlighting the success of BlackRock's iShares Bitcoin Trust (IBIT) as one of the best launches in history with $12-13 billion in inflows since January 11. However, inflows have begun to stagnate, with IBIT experiencing its first day without an inflow after a 72-day streak. Seyffart was skeptical about the launch of an Ethereum ETF before 2025, citing regulatory delays. He also mentioned the potential impact of retirement accounts and institutional investors on Bitcoin ETFs and touched on the upcoming Hong Kong ETFs offering Bitcoin and Ethereum spot ETFs.
April 30, 2024 | 10:55 am
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BlackRock's iShares Bitcoin Trust (IBIT) has been highlighted as one of the best ETF launches in history, with significant inflows since its launch. However, it recently experienced its first day without an inflow after a 72-day streak, indicating a potential stagnation in interest.
While IBIT has had a strong start, the recent stagnation in inflows could signal a short-term cooling of investor enthusiasm. However, the overall success and historical significance of its launch may continue to support its reputation and attract investors. The skepticism around the launch of an Ethereum ETF before 2025 and the mention of regulatory hurdles could also indirectly affect investor sentiment towards Bitcoin ETFs like IBIT.
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