Bloomberg Analyst: Bitcoin ETF Resumes Inflows Wednesday, Optimistic About Investor Resilience
The Bitcoin ETF resumed inflows on Wednesday after two days of very modest outflows of just 0.5% of total assets under management, meaning that 99.5% of the funds remain resilient after a 14% drop on Monday and a 21% drop this week, according to Bloomberg's Senior ETF Analyst, Eric Balchunas, in a post on the X platform. The fact that IBIT had no outflows but traded $5 billion is completely bizarre, and there is now optimism about the resilience of ETF investors (across all asset classes), which had been expected to see outflows of 2-3% of AUM.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Publicly listed company Prenetics increases its total bitcoin holdings to 504.
BTC holdings of the Australian Monochrome spot Bitcoin ETF have risen to 1,158.
Analyst: Bitcoin has bottomed out in the short term, a rebound to $100,000 may occur