Bloomberg: When Bitcoin fell below $60,000, 95% of ETF investors did not sell in panic
- WBOYforward
- 2024-05-07 15:01:10628browse
The inflows of U.S.-listed Bitcoin spot ETFs rebounded sharply last Friday (4). This was also after seven days of net outflows since April 24. , net inflows resumed for the first time, and Grayscale GBTC saw a net inflow of US$63 million for the first time after 78 days of net outflows.
Bitcoin spot ETF continues to have a net inflow
Starting this week, according to Heyapollo data, the Bitcoin spot ETF continues to witness significant capital inflows, with an overall increase of approximately 3,400 Bitcoins. Equivalent to about 218 million U.S. dollars, of which FBTC leads other products, adding 1,560 BTC, equivalent to 99 million U.S. dollars. Grayscale GBTC achieved capital inflows for the second consecutive day, adding 61 BTC, approximately 3.9 million U.S. dollars.
Bitcoin spot ETF inflow
Bloomberg analyst: 95% of ETF investors have not sold
On the recent Bitcoin Overview of the spot ETF market, Bloomberg senior ETF analyst Eric Balchunas expressed his views on the Deep trust in the product and recognition of the strategy. Historical records show that investor holdings have remained high even during previous market declines.
“The Bitcoin spot ETF is a Hall of Fame (HoF) level, almost reaching the state of art. It is very rare and impressive. It may be difficult to see such a chart again in the future. (This refers to after the first reversal signal of GBTC net outflow)"
Eric Balchunas said that the natural cycle of the market means that the inflow and outflow of funds always occur alternately. However, , for Bitcoin spot ETF investors, despite facing market fluctuations, in the long term, its ETF still shows net growth and relative stability of holders, and a large number of holders choose to stick to them even under adverse conditions. investment.
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