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Bloomberg ETF analyst: Bitcoin ETF is in "one step back, two steps forward" mode

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2024-07-16 14:18:53
Bloomberg senior ETF analyst Eric Balchunas wrote on the X platform that the Bitcoin ETF is in "one step back and two steps back" mode, "one step back" in June, but now it is "two steps forward". Yesterday's inflows increased by about $300 million, and this week's total increase was $1 billion. Year-to-date net inflows exceeded $16 billion for the first time. Previously, it was estimated that the net inflows of spot bitcoin in the first 12 months would total $120-15 billion. It now appears to have achieved this goal six months ahead of schedule.
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