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Bloomberg Analyst: Bitcoin ETF Resumes Inflows Wednesday, Optimistic About Investor Resilience

Bloomberg Analyst: Bitcoin ETF Resumes Inflows Wednesday, Optimistic About Investor Resilience

Bitget2024/08/08 13:12

The Bitcoin ETF resumed inflows on Wednesday after two days of very modest outflows of just 0.5% of total assets under management, meaning that 99.5% of the funds remain resilient after a 14% drop on Monday and a 21% drop this week, according to Bloomberg's Senior ETF Analyst, Eric Balchunas, in a post on the X platform. The fact that IBIT had no outflows but traded $5 billion is completely bizarre, and there is now optimism about the resilience of ETF investors (across all asset classes), which had been expected to see outflows of 2-3% of AUM.

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