BlockBeats News, January 24 — Bloomberg senior ETF analyst Eric Balchunas commented that the recent performance of the Silver ETF SLV has been “quite exaggerated,” but the net fund inflow over the past 6 months is only about $1 billion, which does not match its price increase.
In contrast, Bitcoin spot ETF IBIT has accumulated over $6 billion in fund inflows despite a price retracement of about 24%. Balchunas believes this is a “very good sign” for Bitcoin’s long-term prospects.
He pointed out that when market conditions are favorable, any ETF can attract funds, but the true “hard strength” star ETFs are those that can continue to attract capital during long-term downturns and increased volatility.
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