Bloomberg Analyst: Bitcoin ETF Sees Large Capital Inflows, but Dead Cat Bounce Signs Still Present

robot
Abstract generation in progress

Odaily Planet Daily reports that Bloomberg senior ETF analyst Eric Balchunas posted on X platform that yesterday’s Bitcoin ETF attracted about $500 million in inflows, the largest single-day increase recently. Over the past two days, the total inflow was approximately $750 million. Amidst prevailing market pessimism, he described this capital inflow as “like hitting a home run at the bottom of the game,” providing a boost to the market. Since the beginning of the year, Bitcoin ETFs have still experienced a net outflow of less than $2 billion. However, it is currently unclear whether this signals a true rebound or is just a temporary “dead cat bounce.”

BTC-2.81%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)