Bloomberg analyst: U.S. Bitcoin ETFs have seen a total net inflow of $19 billion since the beginning of the year, with unexpectedly strong performance

Eric Balchunas, ETF analyst at Bloomberg, wrote on the X platform, “After the dust settled on Bitcoin’s decline in the past two weeks (although the price has recovered), the total inflow of Bitcoin spot ETFs so far this year has reached $19 billion, a record high, which is still unexpectedly strong after taking all factors into consideration. This number is the most important measure of success because it includes net price changes and GBTC unlocking.”