Bloomberg Analyst: Bitcoin ETF Sees $53 Billion Net Inflows in Two Years, Wall Street Impact Remains Positive
ChainCatcher reported that Bloomberg Senior ETF Analyst Eric Balchunas posted on X, pointing out that the cumulative net inflow of bitcoin ETFs (the most important data) peaked at $63 billion in October last year and is currently at $53 billion, which means a net increase of $53 billion in just two years. He stated that his team (more optimistic than most peers) originally predicted only $5–15 billion in inflows in the first year. This data is of significant reference value for understanding the $8 billion ETF outflow after bitcoin dropped 45% and the relationship between bitcoin and Wall Street. Overall, Wall Street's influence remains positive.
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.
You may also like
Analysis: Wall Street Is Not Yet Ready to Short AI in Large Numbers
Overseas capital is aggressively buying US stocks! Net inflows reached $942 billions over the past 12 months, marking a record since 1985.
According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.
RootData: BIO will unlock tokens worth about $1 million in one week
Crypto prices
More
