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Bloomberg Analyst: Bitcoin ETF Net Inflows Hit $17.7 Billion Yearly High

Bloomberg Analyst: Bitcoin ETF Net Inflows Hit $17.7 Billion Yearly High

Bitget2024/09/20 13:11
BTC-2.50%

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.
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