All 11 spot Bitcoin ETFs saw inflows for the first time since their launch in January.
This dynamic was recorded on May 3, according to Bloomberg analyst Eric Balchunas. But he expressed doubts whether that dynamic would happen again.
Balchunas highlighted that despite previously recorded capital outflows from spot Bitcoin ETFs and Bitcoin (BTC) falling below $60,000, more than 95% of investors kept their capital in the fund and did not sell.
“Will the same thing happen next time? Who knows? But records show it will be a pretty high percentage again.”
Eric Balchunas, Bloomberg analyst
Experts are confident that the spot ETF market will see both capital inflows and outflows over time. Ultimately, the fund will have two characteristics: net growth and relatively strong hands.
On May 3, Grayscale Investments’ spot Bitcoin ETF saw net inflows for the first time since its launch in January 2024.
Since entering the market, BlackRock’s funds have received more than $15 billion in net inflows, reaching $16.93 billion in assets under management (AUM).
Capital inflows into spot Bitcoin ETFs increased to $378.2 million on May 3. On May 1, $563.7 million was withdrawn from cryptocurrency ETFs.