Bloomberg analyst: Bitcoin 'day/night' ETF launched on the same day, NGHT trading volume grows the next day

Bloomberg senior ETF analyst Eric Balchunas stated that the Bitcoin After Dark ETF (NGHT), a "night strategy" ETF for Bitcoin, and the Morgan Stanley Bitcoin ETF MSBT will be listed simultaneously this Wednesday. NGHT's first day trading performance was mediocre, but the trading volume significantly increased the next day. Historical data shows that 'nighttime returns' are usually better than daytime returns, but holding MSBT for a long time can cover day and night returns, and the impact of the difference is limited. The Morgan Stanley Bitcoin ETF is expected to succeed with its channel distribution advantage, while the subsequent performance of NGHT remains to be observed.