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According to leading&nbsp;<a href="https://x.com/EricBalchunas/status/1797967925925777661" rel="noopener noreferrer nofollow">analyst</a> Eric Balchunas, Bitcoin exchange-traded funds (ETFs) are showing staying power.&nbsp;
These products are currently on a 15-day inflow streak, performing on par with some of the top ETFs.&nbsp;
Balchunas has noted that Bitcoin's ability to bounce back with "renewed interest" after several major sell-offs is "rare."
According to ETF analyst Nate Geraci, the iShares Bitcoin Trust (IBIT) has now surpassed $20 billion in assets under management. It managed to reach the aforementioned mark in less than five months, which is the current record.&nbsp;
On Monday, spot Bitcoin ETFs attracted $105 million worth of inflows. Fidelity's product was in the lead with $77 million. "Relentless. Thoughts and prayers for the anti-crypto crowd. This has to hurt," Balchunas said while commenting on the recent streak of inflows.
The analyst recently noted that Fidelity's Bitcoin ETF accounts for a staggering 56% of the total flows recorded by the Boston-based financial giant. BlackRock's IBIT also accounts for more than a fourth of all flows recorded by the asset manager.&nbsp;
Even Hong Kong-based spot Bitcoin ETFs are seeing some love from investors, recording $31.73 million worth of inflows on Monday. It is their best day to date. These ETFs started severely underperforming shortly after their much-hyped debut.
It remains to be seen whether the current streak of inflows will make it possible for Bitcoin to reclaim the $70,000 mark.&nbsp;
Meanwhile, analysts are discussing upcoming spot Ethereum ETFs that are yet to start trading in the U.S. However, JPMorgan expects these ETFs to attract&nbsp;<a href="https://u.today/ether-spot-etf-pessimistic-report-by-jpmorgan" rel="noopener noreferrer nofollow">lower-than-expected inflows</a>.

Bitcoin ETFs Show 'Staying Power,' Top Analyst Says

U_Today

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