Spot Bitcoin ETFs have successfully reversed April's outflows within the first two weeks of May.
Eric Balchunas, Senior ETF Analyst at Bloomberg, highlighted that Bitcoin ETFs have already attracted $1.3 billion in inflows this month, effectively countering April's negative outflows. This brings the total inflows to $12.3 billion since their inception.
Balchunas emphasized that fluctuations in capital movements are a natural aspect of ETFs and should not concern investors. He remains confident that spot Bitcoin ETFs will deliver positive long-term returns.
CryptoQuant reports that this resurgence in activity is coupled with renewed demand for Bitcoin. Both regular holders and large investors are increasing their Bitcoin holdings, indicating a heightened market interest.
Recent data from SoSo Value confirms that spot Bitcoin
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First found on: Crypto news from Coinatory
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