Bloomberg Analyst: Bitcoin ETF is under some pressure, but the outflow of funds is not serious
Bloomberg senior ETF analyst Eric Balchunas posted on the X platform, saying that possibly due to market downturns, Bitcoin ETF is under pressure with nearly $1 billion in outflows. The weekly flow reached $1.8 billion. However, the good news is that the outflow is less than 2% of total assets. Considering the severity of losses, the outflow of funds is not serious. This trend seems like two steps forward and one step back - it's just a matter of getting used to it.
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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