Bitcoin ETF Growth Exhibits Fluctuating Pattern, Analyst Says

According to Odaily, Bloomberg ETF analyst Eric Balchunas recently commented on X that the growth of Bitcoin ETFs is experiencing a 'two steps forward, one step back' pattern, with the market currently in a correction phase. He highlighted that this trend is evident from the capital flows of IBIT and emphasized that short-term fluctuations are a normal occurrence. Balchunas added, 'In my view, this is just part of the growth process; only children expect daily increases.'