The tweet was deleted by the author.
But we saved everything 🙂.
Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, shares insights from a high-level ETF executive about bitcoin ETFs. He reports that major institutional investors and advisors are not drawn to bitcoin ETFs for tech stock-type returns, which can already be accessed via products like QQQ. Instead, these investors are primarily looking for gold-like returns, viewing bitcoin as a true alternative asset offering diversification potential.
Balchunas has also tracked notable inflows in other ETF products this year. He reported that the 2x SK Hynix ETF in Hong Kong expanded its assets under management tenfold, ranking it third in market size. Additionally, Balchunas covered a surge in trading activity after the launch of the Hyperliquid ETF THYP, which saw daily volumes reach tens of millions.