Wu Blockchain (@WuBlockchain): Eric Balchunas, Bloomberg ETF analyst, tweeted that year-to-date outflows in Bitcoin spot ETFs are nearly fully offset, with ~$500M in single-day infl…
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- BTC+30Positive
Eric Balchunas, Bloomberg ETF analyst, tweeted that year-to-date outflows in Bitcoin spot ETFs are nearly fully offset, with ~$500M in single-day inflows recently. Ten of the 11 early Bitcoin spot ETFs saw inflows. He noted Bitcoin has risen ~12% since the Iran strikes and rising geopolitical risks, while gold prices fell. He cautioned against concluding from short-term moves that gold’s safe-haven status has failed or Bitcoin is driven by geopolitics, citing possible factors like fading institutional flows, shifting sentiment, and profit-taking. https://x.com/EricBalchunas/status/2029539355404939484