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BlackRock’s Ethereum ETF Greatly Outperforming Bitcoin ETF
In a shocking turn of events, Bitwise CEO Hunter Horsley has revealed that BlackRock’s spot Bitcoin ETF is still an incredibly successful product, despite recent underperformance. However, what is perhaps even more astonishing is the fact that BlackRock’s Ethereum ETF is greatly outperforming its Bitcoin counterpart.
As reported by U.Today, BlackRock’s cryptocurrency offerings have attracted a staggering $54 billion in net assets in less than a year alone. This massive influx of capital has been attributed to the growing demand for digital assets and the increasing recognition of their potential as an asset class.
Despite recent underperformance, Horsley emphasized that one should not miss the forest for the trees when analyzing ETF data. In other words, it is crucial to consider the bigger picture before jumping to any conclusions based on short-term market fluctuations.
It’s worth noting that BlackRock’s Bitcoin ETF has still performed incredibly well, with over $1 trillion in net assets under management.
Source: u.today
