Bloomberg analyst: Bitcoin "Day/Night" ETF debuts on the same day, NGHT rebounds but future performance remains to be observed Odaily Planet Daily News: Eric Balchunas, a senior ETF analyst at Bloomberg, stated on X platform that as the market focuses on the listing of Morgan Stanley Bitcoin ETF MSBT, the Bitcoin "Night Strategy" exchange traded fund Bitcoin After Dark ETF (NGHT) was also launched simultaneously on Wednesday. The product had a mediocre trading performance on the first day, but a significant increase in trading volume on the second day, and its future performance remains to be observed. Historical research shows that "night time returns" often outperform day time returns, but for investors who hold ETFs for the long term, holding products similar to MSBT can already cover both day and night returns, so the differential impact is limited. However, if NGHT's subsequent capital inflows perform strongly, it may gain market recognition, otherwise it may quickly be marginalized. The Morgan Stanley Bitcoin ETF, with its channel distribution advantage, is expected to still achieve great success.