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ETF Expert Eric Balchunas Assesses Current Bitcoin ETFs Situation

Sep 11, 2024
  1. Current Situation with Bitcoin ETFs
  2. Return of Active Investments
  3. Vanguard's Stance

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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