Bloomberg Analysts: Bitcoin ETF Net Inflows Hit Record High of $17.7 Billion This Year, Recent Flows Turn Positive
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September 20, 2024
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Bitcoin ETF Market Reaches Milestone: Bloomberg
According to Eric Balchunas, a Bloomberg ETF analyst, the Bitcoin ETF market reached a significant milestone yesterday. Year-to-date (YTD) net inflows reached a new high of $17.7 billion, while fund flows turned positive over the past month. Balchunas emphasized the importance of stability during "short-term pullbacks," which can help to create new annual net inflow highs faster.
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