Franklin

Bitcoin ETF

Bitcoin

You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitwise-leads-the-etf-race-with-impressive-inflows-on-debut-day" rel="noopener noreferrer nofollow">Bitwise Leads the ETF Race with Impressive Inflows on Debut Day</a> 
Bitwise’s spot <a href="https://en.bitcoinhaber.net/turkish-traders-prepare-for-critical-period-as-bitcoin-and-ethereum-hit-resistance-levels" rel="noopener noreferrer nofollow">Bitcoin</a> exchange-traded fund (ETF) attracted a significant $238 million on its first trading day, according to Bloomberg data, marking the largest inflow of the day compared to Fidelity’s $227 million and BlackRock’s $111 million. These figures could potentially increase as more data becomes available.
At the time of writing, the total inflow into ETF products was $721 million, excluding Valkyrie’s spot Bitcoin ETF and the Grayscale Bitcoin Trust. Bloomberg’s senior ETF analyst Eric Balchunas shared on social media that Bitwise led the “Cointucky Derby” on day one, with Fidelity and BlackRock following.
Balchunas noted that Grayscale’s reporting could affect the overall inflow figures, as it is delayed by a day, and the impact of its activities would be known between January 12th and 16th at the earliest.
On January 11th, Bitwise offered the lowest fee of 0.2% for its spot Bitcoin ETF product. However, Franklin Templeton has now undercut this by lowering its fee from 0.29% to 0.19%. Spot Bitcoin ETF products saw a healthy trading volume of $4.5 billion on the same day, with activity concentrated in a few selected products.
Grayscale led the ETF market with a trading volume of $2.2 billion, followed by BlackRock at $1 billion, and Fidelity at $680 million. It’s important to note that Grayscale had an advantage due to pre-existing assets under management.
<h5>The post first appeared on BH NEWS: <a href="https://en.bitcoinhaber.net/bitwise-leads-the-etf-race-with-impressive-inflows-on-debut-day" rel="noopener noreferrer nofollow">Bitwise Leads the ETF Race with Impressive Inflows on Debut Day</a></h5>

Bitwise Leads the ETF Race with Impressive Inflows on Debut Day

BH NEWS

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