Jim Bianco says Bitcoin ETFs have failed to attract TradFi or ‘boomer’ investors

Jim Bianco says Bitcoin ETFs have failed to attract TradFi or ‘boomer’ investors
фото показано с : cryptoslate.com

2024-9-10 11:07

Quick Take

Jim Bianco, a macro expert, recently shared his views on why Bitcoin ETFs have failed to drive adoption among TradFi investors, or “boomers.” He highlighted several factors explaining this shortfall while highlighting the shift from inflows to outflows and record losses for ETF holders.

Bianco noted that Bitcoin ETF holders are facing a substantial $2.2 billion in unrealized losses, as the average purchase price for BTC ETFs stands at $61,000, based on Friday’s Spot BTC close of $52.9k.

Average Purchase Price of Bitcoin ETFs: (Source: Bianco research)

According to Bianco, the average trade size for BTC ETFs has dropped below $12,000, the lowest level since March 2024. This is much smaller than comparable ETFs like SPY and QQQ, signaling a lack of significant institutional involvement. This trend suggests that Bitcoin ETFs have primarily attracted smaller retail investors rather than larger institutional players.

Average Trade Size of a BTC ETF: (Source: Biancoresearch)

Bianco also emphasized the lack of adoption from investment advisors. 85% of Bitcoin ETF activity is not from TradFi institutions. BlackRock has confirmed this, according to Bianco, stating that 80% of the inflows for its Bitcoin Trust (IBIT) come from self-directed online accounts rather than institutional investors.

The post Jim Bianco says Bitcoin ETFs have failed to attract TradFi or ‘boomer’ investors appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 95094.85 (-1.06%)
Объем 24H $69.802b
Изменеия 24h: -1.45 %, 7d: 1.28 %
Cегодня L: $93967.9 - H: $96238.42
Капитализация $1879.023b Rank 1
Цена в час новости $ 57228.25 (66.17%)

investors jim failed tradfi bianco etfs bitcoin

Источник: cryptoslate.com

investors jim → Результатов: 32


Фото:

That one phenomenon which could stir up Bitcoin detractors to accumulate large amounts of BTC

Max Keiser, a famous American broadcaster and RT channel host, recently ignited a suggestion that Peter Schiff, Jim Rogers, and Mark Cuban, major investors who are currently known for criticizing Bitcoin, will follow an aggressive buying strategy as soon as they realize the value behind the digital asset, which will most likely accelerate the Bitcoin […]

2020-6-29 21:40


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Metaplanet to buy additional $11.7 million Bitcoin

Metaplanet to raise ¥1. 75 billion (over $11. 7) in bonds to buy Bitcoin (BTC). The publicly-listed Japanese company has also unveiled a shareholder benefits program. Metaplanet, a publicly-traded company listed in Japan, has announced plans to buy more Bitcoin (BTC) to add to its growing haul.