All spot Bitcoin ETFs see inflows, analyst doubts dynamics will repeat
All 11 spot Bitcoin ETFs saw inflows for the first time since the launch in January.
According to Bloomberg analyst Eric Balchunas, such dynamics were recorded on May 3. However, he expressed doubts that such dynamics would ever happen again.
Balchunas emphasized that despite the previously recorded outflow of capital from spot Bitcoin ETFs and Bitcoin’s (BTC) fall below $60,000, more than 95% of investors maintained capital in the funds and did not sell.
“Will the same happen next time? Who knows, but track record says it will be a pretty high % again.”
Eric Balchunas, Bloomberg Analyst
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