Summary
Vanguard’s ETF VOO has attracted $15.7 billion in new money this year, double what BlackRock’s bitcoin ETF has collected.
Key Points
1. Vanguard’s ETF VOO, which tracks the S&P 500 Index, has attracted $15.7 billion in net new money so far this year.
2. This amount is double what BlackRock’s spot bitcoin ETF IBIT has collected.
3. The success of Vanguard’s traditional ETF compared to BlackRock’s bitcoin ETF raises questions about the need for a bitcoin ETF in the market.