Bloomberg ETF analyst: Overnight-traded Bitcoin ETFs may outperform traditional Bitcoin ETFs
Jinse Finance reported that on December 10, Tidal Trust submitted an application to the US SEC to launch the Bitcoin AfterDark ETF, which allows for overnight trading of bitcoin. Bloomberg ETF senior analyst Eric Balchunas stated that most of bitcoin's historical gains have occurred during after-hours trading in the US stock market. He noted that if this pattern continues, the Bitcoin AfterDark ETF may outperform traditional spot bitcoin ETF products.
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