Bitcoin ETFs: Winners, Losers, and Risks
TL;DR Summary
BlackRock's iShares Bitcoin Trust leads inflows into spot bitcoin exchange-traded funds, attracting over $1 billion since its launch, followed by Fidelity's Wise Origin Bitcoin Fund with over $600 million. Grayscale Bitcoin Trust ETF has the most assets under management at around $23.7 billion, despite experiencing some outflows. Investors are weighing the costs of the new bitcoin ETFs, with some traders potentially reaping profits from Grayscale's fund. The SEC approved 11 spot bitcoin ETFs, with 10 launching on the same day, and analysts expect a longer grind of building up assets over time for these new ETFs.
- Bitcoin ETFs had their first week of trading. Here’s who’s winning and losing. MarketWatch
- How Bitcoin is Helping the Biggest Firm on Wall Street Dion Rabouin | WSJ
- Bitcoin E.T.F.s Come With Risks. Here's What You Should Know. The New York Times
- Gary Gensler approved the ETFs — but now he's striking back Cointelegraph
- Bitcoin has just been legitimized in the U.S. Cue the ransomware criminals Toronto Star
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