Bitcoin ETF

Bitcoin

BlackRock

All 11 spot Bitcoin ETFs saw inflows for the first time since the launch in January.
According to Bloomberg analyst Eric Balchunas,&nbsp;such dynamics were recorded&nbsp;on May 3. However, he expressed doubts that such dynamics would ever happen again.
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 First time ever 1D flows all green, no red for the Bitcoin Bunch. Not going to spike the football like some did during the outflow period but will point out that over 95% of the ETF investors HOLD-ed during what was a pretty nasty and persistent downturn. Will same happen next… <a href="https://t.co/3l3uwwmqGy" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/3l3uwwmqGy</a>— Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1787468690583081214?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">May 6, 2024</a>
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Balchunas emphasized that despite the previously recorded outflow of capital from spot Bitcoin ETFs and Bitcoin’s (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">BTC</a>) <a href="https://crypto.news/bitcoin-climbs-above-60k-after-us-labor-market-report/" target="_blank" rel="noopener noreferrer nofollow">fall</a> below $60,000, more than 95% of investors maintained capital in the funds and did not sell.
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 “Will the same happen next time? Who knows, but track record says it will be a pretty high % again.” <cite>Eric Balchunas, Bloomberg Analyst</cite>
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You might also like: <a href="https://crypto.news/bitcoin-jumps-above-65k-amid-fed-report-etf-inflows/" rel="noopener noreferrer nofollow"> Bitcoin jumps above $65k amid Fed report, ETF inflows </a>
The expert is confident that the spot <a href="https://crypto.news/tag/etf/" target="_blank" rel="noopener noreferrer nofollow">ETF</a> market will record both capital inflows and outflows over time. Ultimately, funds will have two characteristics:&nbsp;net growth and relatively strong hands.
On May 3, Grayscale&nbsp;Investments’&nbsp;spot Bitcoin ETF <a href="https://crypto.news/grayscale-bitcoin-etf-record-first-inflow-after-losses/" target="_blank" rel="noopener noreferrer nofollow">recorded</a> net inflows for the first time since its launch in January 2024.
Since entering the market, BlackRock’s fund has received more than $15 billion in net inflows, which brought its assets under management (<a href="https://crypto.news/tag/AUM/" target="_blank" rel="noopener noreferrer nofollow">AUM</a>) to $16.93 billion.
On May 3, the capital inflows into spot <a href="https://crypto.news/tag/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> ETFs increased to $378.2 million.&nbsp;On May 1, a record $563.7 million&nbsp;<a href="https://crypto.news/spot-bitcoin-etfs-reach-record-563m-outflows/" target="_blank" rel="noopener noreferrer nofollow">was withdrawn</a>&nbsp;from cryptocurrency ETFs.
You might also like: <a href="https://crypto.news/blackrock-bitcoin-etf-attracts-no-inflows-for-4th-consecutive-day/" rel="noopener noreferrer nofollow"> BlackRock Bitcoin ETF attracts no inflows for 4th consecutive day </a>

All spot Bitcoin ETFs see inflows, analyst doubts dynamics will repeat

crypto.news

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