Eric Balchunas: BITA had a total trading volume of $13 million in the two days before its listing, underperforming IBIT

Bloomberg ETF analyst Eric Balchunas stated that the iShares Bitcoin Premium Yield ETF (code: BITA) under BlackRock had trading volumes of $6 million and $7 million respectively in the two days leading up to its listing, showing stable performance and ranking among the top 1% of all ETF issuances. However, the trading volume is far below that of IBIT, and it will take time for BITA to attract asset size.