Inflows into Spot Bitcoin ETFs Make Up for April’s Losses
In May, inflows into spot Bitcoin ETFs have offset the outflows from the previous month, according to a senior analyst at Bloomberg who specializes in exchange-traded funds (ETFs).
The latest data shows a positive trend for Bitcoin ETFs, with $1.3 billion in inflows over the last two weeks. This, according to senior ETF analyst Eric Balchunas, brings the total net inflows since the launch of these ETFs to a high of $12.3 billion.
Balchunas believes that traders should not let their emotions get in the way when it comes to inflows and outflows, as they are a natural part of ETFs.
He predicts that the inflows for spot Bitcoin ETFs will continue to have a positive long-term impact, and that the amounts for both inflows and outflows are relatively small, representing only 1% to 2% compared to the overall assets under management.
According to Balchunas, there is no need to get too excited or disappointed over these movements in the market, as they will always be a part of the ETF landscape.
