Bloomberg analyst: Bitcoin ETF resumed inflows on Wednesday, optimistic about investor resilience
2024-08-08 12:29:57
Bloomberg senior etf analyst eric balchunas platform posting bitcoindesk3cryptocurrencydesktopCrypto News
Bloomberg senior ETF analyst Eric Balchunas wrote on the X platform that the Bitcoin ETF resumed inflows on Wednesday, after two days of very moderate outflows, accounting for only 0.5% of total asset management, which means that 99.5% of funds are still strong in the case of a 14% drop on Monday and a 21% drop this week. IBIT did not have outflows, but the transaction volume reached 5 billion US dollars, which is completely strange. At present, I am optimistic about the resilience of ETF investors (across all asset classes). I had expected 2-3% of asset management to flow out.
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