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Luxas 1y ago

According to Eric Balchunas (ETF guru from Bloomberg), the #Bitcoin ETFs had an unprecedented first month:

- 5,535 ETFs have been launched over the last 30 years.

- BlackRock ($IBIT) and Fidelity’s Bitcoin ETFs (FBTC) had the best first-month performances out of any ETF launch. Period.

- Ark Invest ($ARKB) and Bitwise’s ETFs ($BITB) are also in the top 25 best-performing ETFs ever.

Eric says it usually takes a newborn ETF 5-10 years to get close to the top of the leaderboard… it took Bitcoin ETFs less than a month.

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Dr. Hax 1y ago

And nobody who uses Raymond Financial can buy any shares of any of the Bitcoin ETFs. (They haven't approved them yet.)

So there is still more to come from a logistical point of view, not even counting the marketing of these new offerings.