Bloomberg analyst: Bitcoin ETF still achieves strong net positive flows during the crypto market decline
Eric Balchunas, senior ETF analyst at Bloomberg, posted on X platform that Bitcoin ETF has achieved positive net inflows in daily, weekly, and monthly periods. It was originally thought that the situation would be worse during market downturns, but during this period, the net inflow from the beginning of the year to now has remained stable at +14.6 billion, which is a good sign. Bitcoin ETF remains strong during the "falling" phase.
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.
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U.S. spot bitcoin exchange-traded funds (ETFs) recorded total daily net inflows of $92 million on Friday, spread across seven funds.