Bloomberg Analyst Eric Balchunas Calls ‘BTC Spot ETF Failure’ Claim Absurd

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BitcoinWorld 12h ago

Bloomberg Analyst Eric Balchunas Calls ‘BTC Spot ETF Failure’ Claim Absurd - BitcoinWorld

Quick Summary:

Bloomberg’s senior ETF analyst – Eric Balchunas, took to X (formerly Twitter) to dismiss claims that Bitcoin spot ETFs have failed, citing BlackRock’s IBIT ETF as a prime example of success.

His comments serve as a reminder that Bitcoin spot ETFs are far from failures and are seeing significant success in attracting investor capital.

In his post, Balchunas stated, “If this ETF is a failure, then I wonder what to call one that currently has $7 million in assets under management (AUM).” His comments come amid discussions about the performance and viability of Bitcoin spot ETFs.