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