Bloomberg Analyst: Bitcoin ETF Net Inflows Hit $17.7 Billion Yearly High
The bitcoin ETF market reached a major milestone yesterday, according to Bloomberg ETF analyst Eric Balchunas in a post on the X platform. Year-to-date (YTD) net inflows reached a new high of $17.7 billion, while flows have turned positive over the last month, Balchunas said, emphasizing that it is important to maintain stability during “short-term pullbacks,” which can help set new annual net inflow highs more quickly.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CME: BrokerTec U.S. active markets have resumed trading
CME: All markets remain suspended except for the BrokerTec EU market
A major whale switched from short to long on BTC, with a position valued at $91 million.
Japan Post Bank, Shinoken, and DeCurret DCP pilot tokenized deposit payments for real estate transactions