Bloomberg analysts: Expect $4 billion in funds to flow in on the first trading day of the Bitcoin spot ETF

ChainCatcher news, Bloomberg Intelligence senior ETF analyst Eric Balchunas stated that BlackRock may inject $2 billion in assets on the first trading day of the spot Bitcoin ETF, breaking the first-day flow record. The seed capital could provide momentum for BlackRock in the competition among 11 ETFs.

Additionally, Eric Balchunas believes that all these ETFs could raise up to $4 billion in funds on their first trading day and raise $50 billion within two years.