All 11 Bitcoin ETFs saw inflows for the first time since their launch in January.
According to Bloomberg analyst Eric Balchunas, such dynamics were recorded on May 3. However, he expressed doubts that such dynamics could happen again.
Balchunas emphasized that despite the pre-registered capital outflow from spot Bitcoin ETFs and the price of Bitcoin (BTC) falling below $60,000, more than 95% of investors kept capital in the funds and did not sell.
“Will it happen the same thing next time? Who knows, but the track record says it will be a very high percentage again.”
Eric Balchunas, Bloomberg analyst
The expert is confident that the spot ETF market will record capital inflows and outflows over time. Ultimately, funds will have two characteristics: net growth and relatively strong hands.
On May 3, Grayscale Investments' spot Bitcoin ETF recorded net inflows for the first time since its launch in January 2024.
Since entering the market, BlackRock's fund has received more than $15 billion in net inflows, bringing its assets under management (AUM) to $16.93 billion.
On May 3, capital inflows into spot Bitcoin ETFs increased to $378.2 million. On May 1, a record $563.7 million was withdrawn from cryptocurrency ETFs.