All spot Bitcoin ETFs see inflows, analyst doubts dynamics will repeat

All
11
spot
Bitcoin
ETFs
saw
inflows
for
the
first
time
since
the
launch
in
January.

According
to
Bloomberg
analyst
Eric
Balchunas, such
dynamics
were
recorded on
May
3.
However,
he
expressed
doubts
that
such
dynamics
would
ever
happen
again.

Balchunas
emphasized
that
despite
the
previously
recorded
outflow
of
capital
from
spot
Bitcoin
ETFs
and
Bitcoin’s
(BTC)

fall
below
$60,000,
more
than
95%
of
investors
maintained
capital
in
the
funds
and
did
not
sell.

“Will
the
same
happen
next
time?
Who
knows,
but
track
record
says
it
will
be
a
pretty
high
%
again.”

Eric
Balchunas,
Bloomberg
Analyst

The
expert
is
confident
that
the
spot

ETF
market
will
record
both
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,
which
brought
its
assets
under
management
(AUM)
to
$16.93
billion.

On
May
3,
the
capital
inflows
into
spot

Bitcoin
ETFs
increased
to
$378.2
million. On
May
1,
a
record
$563.7
million was
withdrawn from
cryptocurrency
ETFs.