Bloomberg's ETF analyst Eric Balchunas recently shared his astonishment at the resilience of Bitcoin spot ETFs, particularly those linked to BlackRock, amid a turbulent financial landscape. Despite significant drops in Bitcoin's valueâ14% in just one day and 21% over the weekâinvestors held firm, with only 0.5% of total funds withdrawn. Balchunas expected 2-3% outflows, making the steadfastness of Bitcoin ETF investors all the more remarkable. BlackRockâs IBIT fund even saw a volume surge of $5 billion, closing with a net plus of $52 million. This demonstrates the growing confidence in Bitcoin ETFs, even in volatile times.
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