Bitcoin ETFs See Mixed Results After Four Months in Market
Different strategies lead to varying performance among bitcoin ETFs, with some funds outperforming others significantly.
- Invesco-Galaxy's BTCO fund has gained nearly 47% by buying low and selling high.
- VanEck's HODL fund saw minimal gains due to poor timing in buying and selling bitcoin.
- Overall, bitcoin ETFs have net inflows of $11.7 billion despite recent outflows.
- BlackRock and Fidelity's bitcoin ETFs initially attracted significant investments but have seen slowed demand recently.
- Metaplanet adopts bitcoin as a treasury reserve asset to counteract yen depreciation.