A company called BlackRock made a thing called IBIT that lets people buy and sell bits of Bitcoin easily. In just three days, more people used IBIT than all the other similar things (called ETFs) that were created in a whole year. This is really surprising because usually older things get more popular. People like it because they can trade a lot of Bitcoin without problems. Read from source...
- The article uses a misleading comparison between the Spot Bitcoin ETFs and the 2023 Freshman Class to exaggerate their performance. First of all, the number of ETFs in each group is not the same (500 vs an unspecified number). Secondly, the article does not account for the fact that some ETFs may have launched recently and thus have lower volume than older ones. Thirdly, the comparison ignores other factors such as fees, expenses, and investment objectives that may affect the choice of an ETF by investors.
- The article fails to provide any evidence or data to support its claim that Spot Bitcoin ETFs are "more popular" than futures ETFs. It merely cites one analyst's tweet, which does not represent a comprehensive or objective analysis of the market. Moreover, it does not consider the potential advantages or disadvantages of each type of ETF for different investors, such as liquidity, fees, tax implications, regulatory status, etc.
- The article uses emotional language and hyperbole to sensationalize the performance of Spot Bitcoin ETFs, such as "insane", "dethrone", "potentially", etc. These words create a sense of urgency and excitement among readers, but they also lack any factual basis or rationality. The article does not provide any context or perspective on the historical performance, volatility, or risks associated with Spot Bitcoin ETFs or Bitcoin itself.