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Title: BlackRock’s Ethereum ETF Greatly Outperforms Bitcoin ETF Despite Recent Underperformance
As the cryptocurrency market continues to evolve and adapt to changing regulatory landscapes, it is essential to keep a broader perspective when analyzing recent ETF data. In an interview with U.Today, Bitwise CEO Hunter Horsley emphasized that one should not miss the forest for the trees in this context.
While Bitcoin’s spot ETF has experienced some underperformance, BlackRock’s Ethereum ETF has been significantly outperforming its counterpart. According to recent statistics, IBIT has attracted nearly $54 billion in net assets within less than a year. It is crucial to note that Bitwise predicted that total inflows for Bitcoin ETFs this year could potentially surpass those of 2024.
In an unexpected twist, Bitcoin ETFs have surpassed Satoshi’s total amount of Bitcoin held on exchanges.
Source: u.today
