- 10x Research
- 🚀 The Bitcoin ETF Hype is over. Boomers are not biting what it means for Bitcoin.
🚀 The Bitcoin ETF Hype is over. Boomers are not biting what it means for Bitcoin.
👇 1-11) It is apparent after two weeks of Bitcoin ETF trading. Institutional investors (and the so-called Boomers) are not biting. Registered Investment Advisors (RIA) have yet to be ready to sell this product. Inflows disappoint, and trading volumes are falling off a cliff.
👇 2-11) End-user demand must be low. Otherwise, we would see a robust two-way market – matching buyers with sellers. The much anticipated BlackRock iShares ETF registered $574m in volume on its first day, with the asset manager reportedly having initially lined up $2bn in capital for its ETF.
Exhibit 1: Bitcoin ETF trading volume by issuer - the trend is lower.
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