" "

Valkyrie CIO sees '$20 billion in inflows into BTC spot ETFs this year'

Steven McClurg, co-founder and CIO of Valkyrie Investments, told CNBC that he expects "$20 billion in inflows into bitcoin spot ETFs this year. Meanwhile, Bloomberg ETF analyst Eric Balchunas reported via X that "on their fifth day of trading, the nine BTC spot ETFs (excluding GBTC) saw trading...

blockchain btc etf Valkyrie bloomberg (SpotedCrypto)
blockchain btc etf Valkyrie bloomberg (SpotedCrypto)

Steven McClurg, co-founder and CIO of Valkyrie Investments, told CNBC that he expects "$20 billion in inflows into bitcoin spot ETFs this year.

blockchain btc etf Valkyrie bloomberg (SpotedCrypto)

Meanwhile, Bloomberg ETF analyst Eric Balchunas reported via X that "on their fifth day of trading, the nine BTC spot ETFs (excluding GBTC) saw trading volume of $1.05 billion today (local time), up 34% from the previous day. Over the same period, Grayscale's GBTC saw a 24% drop in volume to $1.059 billion." "Typically, ETFs see a steady decline in volume after the start of trading and rarely see an uptick, so it's a good sign that other BTC spot ETF products have seen an uptick in volume, with the exception of GBTC. GBTC was also flat, so there wasn't much volatility.