Lates News

Bloomberg's senior ETF analyst Eric Balchunas wrote on Platform X that the net inflow of Bitcoin spot ETFs this month has reached $2.5 billion, just one step away from completely filling the gap of outflows for the year. Among them, BlackRock's IBIT has already achieved positive net inflows for the year and entered the top 2% of all ETF fund flow rankings from the beginning of the year. Despite Bitcoin's price dropping by about 40% in the past 6 months and facing widespread negative publicity, ETF funds still show remarkable resilience. In comparison, when gold fell by 40% in a short period 10 years ago, about one-third of investors chose to exit, while Bitcoin investors' holding behavior appears to be much stronger. (Eric Balchunas clarifies that he does not disrespect gold investors, it is just that the situation with Bitcoin is unusual).