BITO’s 70 per cent decline suggests it has burnt through $1.2bn of investors’ cash
2022/10/26 12:50
America's First Bitcoin ETF, known as BITO, has attracted inflows consistently through its life, with only light withdrawals. But even with net inflows of $1.8bn in its debut year, its assets now stand at $624mn. Taking together the timing of inflows and the 70 per cent drop in the fund’s equity price, Morningstar calculates that BITO has lost $1.2bn of investors’ money, making this by far the biggest debut loser.
Other ETFs have fallen further in their first year, but they have all been far smaller. The Global X Blockchain ETF (BKCH) — another crypto-related fund — plummeted 76.7 per cent in its first year of operation to July, but it peaked at $125mn of assets and now holds just $60mn.
3AyıBeğenPaylaş
Sorumluluk Reddi：Yukarıdaki içerik HTX'ın tutumunu temsil etmez.，HTX herhangi bir alım satım önerisinde bulunmaz.。
İlgili Makaleler
Bitcoin compresses between $90K and $94K – A big move is brewing
Fidelity Exec Says Bitcoin Is Shifting From ‘Power Law’ — What This Means
All about Tether’s $1B USDT injection as Bitcoin navigates delayed tariffs, rate-cut fears
Tüm Yorumlar0En yeniPopüler
En yeniPopüler
Kayıt yok
Trend Konular
İlgili Makaleler
Bitcoin compresses between $90K and $94K – A big move is brewing
Fidelity Exec Says Bitcoin Is Shifting From ‘Power Law’ — What This Means
All about Tether’s $1B USDT injection as Bitcoin navigates delayed tariffs, rate-cut fears
Tüm Yorumlar0En yeniPopüler
Kayıt yok