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BlackRock and Other ETFs Are Catching Up With Grayscale: Research Analyst
Jan 27, 2024
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by CoinEdition
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- According to James Seyffart, the newly launched spot Bitcoin ETFs are growing significantly in volume and liquidity.
- Seyffart showed that BlackRock and other ETFs are gradually catching up with Grayscale.
- BlackRock recorded a daily volume of $480.8 million on January 26.
According to James Seyffart, a Research Analyst with Bloomberg, the newly launched spot Bitcoin ETFs are growing significantly in volume and liquidity. In a recent post on X (formerly Twitter), Seyffart showed that BlackRock’s IBIT and other ETFs are gradually catching up with Grayscale’s GBTC.
As shown in a screenshot shared by Seyffart, BlackRock recorded a daily volume of $480.8 million on January 26. That marked a significant growth in the product’s liquidity inflow, reflecting a notable comparison with the ever-impressive GBTC. On the same day…
The post BlackRock and Other ETFs Are Catching Up With Grayscale: Research Analyst appeared first on Coin Edition.
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