Bloomberg Analyst: Silver ETF Returns Are "Exaggerated" but Inflows Remain Limited, IBIT Attracts Capital Despite Headwinds, Signaling Long-term Bullish Outlook for BTC
ChainCatcher News, Bloomberg Senior ETF Analyst Eric Balchunas posted on X that the recent returns of the silver exchange-traded fund SLV are "exaggerated to an absurd degree," but the fund inflows have been quite limited, attracting only about $1 billion over the past six months. Investors should pay attention to the risks.
In contrast, BlackRock's spot bitcoin exchange-traded fund IBIT, despite a price pullback of about 24%, has still recorded net inflows of over $6 billion. This is a "very positive" signal for bitcoin's long-term prospects, because when the market is favorable, any ordinary ETF can attract funds, but the ability to continue attracting inflows during prolonged tough periods is what makes a truly "hardcore" ETF.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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