Coin Stories

Eric Balchunas: Bitcoin ETFs Boom with $24 Billion in Flows & Why They Could 3X Gold

Nov 5, 2024
In this engaging conversation, Eric Balchunas, Senior ETF Analyst at Bloomberg Intelligence, dives into the explosive growth of Bitcoin ETFs, boasting an astonishing $24 billion in net flows. He explores how these ETFs are disrupting traditional investment norms, particularly comparing them to gold ETFs. Eric highlights the new options trading for Bitcoin ETFs and discusses Vanguard's shifting perspective on Bitcoin, suggesting it could become a stabilizing asset in inflationary times. His insights reveal a future where Bitcoin ETFs could potentially outshine gold.
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