One year of bitcoin spot ETPs: A brief market and fund flow analysis

IF 2.1 4区经济学 Q2 ECONOMICS

Economics Letters Pub Date : 2025-03-24 DOI:10.1016/j.econlet.2025.112304

Nico Oefele

引用次数: 0

Abstract

Since January 2024, the market for Bitcoin spot exchange-traded products has expanded rapidly. The market became increasingly concentrated, with more than half of the assets under management allocated to a single product. The average weekly net fund flow of 1.4 % indicates strong investor demand. Daily changes in Bitcoin's price are the primary driver of daily net fund flows. On average, a 3.4 % change in Bitcoin's price corresponds to a 0.2 % net fund flow, all else equal. This suggests that investors in Bitcoin spot ETPs primarily base their investment decisions on Bitcoin's price movements.

查看原文本刊更多论文

求助全文

约1分钟内获得全文求助全文

来源期刊

Economics Letters ECONOMICS-

CiteScore

3.20

自引率

5.00%

发文量

348

审稿时长

30 days

期刊介绍： Many economists today are concerned by the proliferation of journals and the concomitant labyrinth of research to be conquered in order to reach the specific information they require. To combat this tendency, Economics Letters has been conceived and designed outside the realm of the traditional economics journal. As a Letters Journal, it consists of concise communications (letters) that provide a means of rapid and efficient dissemination of new results, models and methods in all fields of economic research.