Bloomberg: Don't Sweat Daily Inflows/Outflows for US BTC Spot ETFs
CryptoNewsTerminal Staff17 May, 2024
Bloomberg: Don't Sweat Daily Inflows/Outflows for US BTC Spot ETFs
Positive Inflows Offset April's Outflows Bloomberg ETF expert Eric Balchunas reports that US BTC spot ETFs have experienced favorable inflows of $1.3B over the past 14 days, eclipsing April's outflows. Year-to-date, these ETFs have amassed cumulative inflows of $12.3B. Long-Term Success Projected Balchunas emphasizes the importance of avoiding a hyperfocus on day-to-day inflows and outflows. Despite fluctuations, he maintains that BTC spot ETFs exhibit a promising long-term trajectory for success.
