From Investing.com:

The Bitcoin ETF launch had a mixed reception. Although $4.5 billion was traded, CNBC’s Ran Neuner called it “terribly unsuccessful.” Half of the trades were tied to Grayscale Bitcoin Trust, and existing positions were adjusted instead of new capital flooding in.

The distinction between trade volume and new inflows is crucial, with the latter being minimal on the first day. Large accounts tend to act patiently, waiting for the market to stabilize before committing significant funds.

Bitcoin’s price stability post-ETF approval suggests a state of anticipation rather than reaction, presenting a period of opportunity.

It may be premature to label the Bitcoin ETF launch as unsuccessful. The infrastructure for large-scale investment is just taking shape, and experienced investors may yet yield substantial returns in the long-term future.



Read more: Bitcoin ETF Start Was ‘Terribly Unsuccessful’, Says CNBC’s Ran Neuner By U.Today