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Bloomberg analyst: BTCETF is under some pressure, but the outflow of funds is not severe
Odaily Planet Daily News, Bloomberg’s senior ETF analyst Eric Balchunas wrote on the X platform that the BTC ETF is under pressure due to the market downturn, with outflow of funds approaching nearly $1 billion and a weekly flow of $1.8 billion. However, the good news is that the outflow is less than 2% of the total assets, considering the severity of the losses, the outflow of funds is not significant. This trend is like taking two steps forward and one step back, so just get used to it.