• Bitcoin ETFs still sit on $53B in net inflows despite recent outflows: Bloomberg Heavy outflows haven’t erased the success of spot Bitcoin ETFs, which still hold $53 billion in cumulative inflows, according to Bloomberg analyst Eric Balchunas. • Cointelegraph in your social feed US spot Bitcoin exchange-traded funds (ETFs) may be seeing heavy outflows lately, but the broader picture tells a different story. • According to Bloomberg ETF analyst Eric Balchunas, cumulative net inflows into Bitcoin (BTC) ETFs peaked at $63 billion in October and now stand at about $53 billion, even after months of redemptions. • “That’s NET NET +$53b in only two years,” Balchunas wrote on X, sharing data compiled by fellow analyst James Seyffart. • The figure far exceeds Bloomberg’s early projections, which had called for inflows of $5 billion to $15 billion over that time frame. • In other words,recent withdrawalshaven’t erased the bigger success story.
Article Summaries:
- Bitcoin spot‑exchange‑traded funds (ETFs) have accumulated roughly $53 billion in net inflows over the past two years, despite recent redemptions, Bloomberg analyst Eric Balchunas reports. The cumulative inflows peaked at $63 billion in October 2023 and have since fallen only slightly, remaining far above Bloomberg’s early projections of $5-$15 billion. The data suggest that, even as Bitcoin’s price has dropped about 50 % from its highs, institutional investors are largely holding rather than selling. The ETFs, approved in early 2024, quickly became the dominant vehicle for Bitcoin exposure, with BlackRock’s iShares Bitcoin Trust reaching $70 billion in assets in under a year.
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