ETF expert Eric Balchunas commented on the latest events related to Bitcoin ETFs, highlighting the positive shift in the situation after a recent decline.
Current Situation with Bitcoin ETFs
Eric Balchunas pointed out the return of active investments in Bitcoin ETFs, challenging skeptics who considered these products a failure. According to Balchunas, the year-to-date inflows of Bitcoin ETFs have reached $17.1 billion.
Return of Active Investments
Balchunas noted that after several periods of significant outflows, these products have managed to attract investments again. The products recorded more than $117 million worth of inflows in just one day.
Vanguard's Stance
Despite the ongoing debate in the cryptocurrency community, Vanguard is not considering launching a Bitcoin ETF. Vanguard's new CEO, Salim Ramji, has ruled out the possibility of launching such a product.
According to Eric Balchunas, the resurgence of active investments and the steady growth of interest in Bitcoin ETFs indicate that these products have potential and may secure a stable position in the market.
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