PANews reported on December 11 that Bloomberg analyst Eric Balchunas wrote on the X platform that the asset size of BlackRock's Bitcoin spot ETF "IBIT" is equivalent to the sum of 50 ETFs (regional + single country) focused on Europe, and these European ETFs have existed for 20 years.

In addition, ETF and technical strategist Todd Sohn believes that the investment environment in Europe has bottomed out and cannot get worse.