The post Bitcoin ETFs Year-to-Date Investment Reaches $16 Billion appeared first on Coinpedia Fintech News
After a brief pullback in June, the Bitcoin ETF momentum has returned as its daily investment surged to $300 million yesterday, bringing the weekly total to a staggering $1 billion. The surge has pushed the year-to-date amount invested in Bitcoin ETFs to $16 billion, much ahead of initial projections of $12-15 billion for the entire year, while there are still six months to go, highlighted, the Bloomberg ETF analyst, Eric Balchunas. About the prospects of ETH ETF, Balchunas estimated that they could attract “about 20% of what we’ve seen with Bitcoin.”