Bloomberg ETF analyst Eric Balchunas wrote that the growth of Bitcoin ETFs will go through a two steps forward, one step back process, and is currently in the step back stage. This pattern can be seen from the flow of funds in IBIT. In my opinion, this is part of the development process. Only children expect to rise every day.
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Bloomberg ETF analyst: Short-term outflows from Bitcoin ETFs are normal; don't expect daily gains.
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The US spot Bitcoin ETF saw a net outflow of $566.4 million yesterday.
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the market shows BTC falling below $99,000, now trading at $98,980, with a 24-hour decline of 7.67%. The market is volatile, please manage risk control. -
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market shows BTC falling below $103,000, now trading at $102,991.01, a 24-hour decline of 4.2%. The market is fluctuating greatly, please manage risk control. -
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