Bloomberg analyst: New crypto ETFs such as GDLC performed strongly on the first day, and the transaction size exceeded the market average

According to data released by Bloomberg analyst Eric Balchunas, many newly approved cryptocurrency ETFs have strong trading data on the first day of listing. Among them: the first five types of spot crypto ETFs $GDLC transaction volume reached US$22 million; the Dogecoin ETF $DOJE transaction volume was US$12 million; and the Ripple ETF $XRPR transaction volume was US$15 million. Analysts said that although the transaction volume of these three products on the first day is far lower than the previous record performance of Bitcoin ETFs, it still significantly exceeds the average level of the first day of US ETF products, and the overall start is stable. This achievement reflects the market's continued demand for diversified crypto asset ETF products, and issuers are expected to further expand their product matrix.