Bitcoin ETF

Bitcoin

BlackRock

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Recent days have witnessed a shift in sentiment toward the&nbsp;<a href="https://u.today/bitcoin-etfs-see-fresh-outflows" rel="noopener noreferrer nofollow">Bitcoin ETF</a> sector, with data revealing a temporary downturn in flows. According to recent data from a notable analytics firm, Bitcoin spot ETFs experienced a net outflow of $165 million yesterday. Notably, Grayscale ETF GBTC reported a net outflow of $133 million, while BlackRock ETF IBIT saw a net inflow of approximately $18.09 million.
Despite this apparent cooling off, <a href="https://x.com/ericbalchunas/status/1780945051884954001?s=46&amp;t=WcuOKMo62Zy4eG9Be-uY1A" rel="noopener noreferrer nofollow">Eric Balchunas</a>, a senior ETF expert at Bloomberg, has offered insights that challenge any premature conclusions about the demise of the Bitcoin ETF fervor. Balchunas suggests that such fluctuations are part of a natural ebb and flow within the ETF market, particularly following a period of rapid growth.&nbsp;
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 Speaking of <a href="https://twitter.com/search?q=%24IBIT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$IBIT</a> it has slid into 13th place all time with inflow streak of 67 days.. total net flows now at $15.3b which is second most of all 3000+ ETFs and $5b ahead of #3. <a href="https://t.co/YSGFvn7ZAM" rel="noopener noreferrer nofollow">pic.twitter.com/YSGFvn7ZAM</a>— Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1780951564200395129?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 18, 2024</a>
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He emphasizes that the recent net outflows represent a mere fraction of the overall picture, with inflows persisting in other ETFs, notably IBIT, which has maintained an impressive streak of inflows for 67 consecutive days.
<h2 id="what-about-price">What about price?</h2>
Balchunas also provides context regarding the recent Bitcoin price drop, attributing it to market dynamics rather than fundamental weakness of the asset. He highlights the substantial gains&nbsp;<a href="https://u.today/bitcoin-up-800-since-last-halving-but-heres-what-happened-to-gold-holders-anthony-pompliano" rel="noopener noreferrer nofollow">Bitcoin</a> has achieved, particularly since&nbsp;<a href="https://u.today/blackrocks-bitcoin-etf-aiming-for-record-breaking-inflow-streak" rel="noopener noreferrer nofollow">BlackRock</a>'s filing last June, noting its outperformance compared to traditional indices.
IBIT, in particular, has garnered attention for its sustained performance, ranking 13th in all-time inflows among over 3,000 ETFs. Its total net flows now stand at $15.3 billion, cementing its position as a leading player in the ETF landscape.
While recent headlines may paint a picture of waning interest in Bitcoin ETFs, Balchunas' analysis offers a counterpoint, suggesting that the hype surrounding these investment vehicles is far from over.

Bitcoin ETF Hype Far From Over: Top Expert Ends Speculations

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