BlackRock Bitcoin ETF Faces Negative Returns Amid Global ETF Profitability
BlackRock's digital asset chief revealed during a live broadcast that among the top 20 global ETF inflows, only BlackRock's Bitcoin ETF has a negative return, while others are profitable. According to Odaily, the inflow for BlackRock's Bitcoin ETF has reached $26 billion, ranking fourth globally. The executive noted that this indicates Bitcoin is undergoing significant turnover and long-term accumulation. Furthermore, 90% of investors in BlackRock's Bitcoin ETF are buying more as prices drop, while only 10% of hedge funds are engaging in short-term high-frequency trading based on basis trading
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