Mars Finance News: Bloomberg senior ETF analyst Eric Balchunas posted on X platform that yesterday’s Bitcoin ETF attracted approximately $500 million in inflows, the largest single-day increase recently. Over the past two days, the total inflow was about $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 unclear whether this signals the start of a genuine rebound or is just a temporary “dead cat bounce.”
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Bloomberg Analyst: Bitcoin ETF Experiences Large Capital Inflows, Whether It Can Truly Rebound Remains to Be Seen
Mars Finance News: Bloomberg senior ETF analyst Eric Balchunas posted on X platform that yesterday’s Bitcoin ETF attracted approximately $500 million in inflows, the largest single-day increase recently. Over the past two days, the total inflow was about $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 unclear whether this signals the start of a genuine rebound or is just a temporary “dead cat bounce.”