Deep Tide TechFlow News: On February 20th, Bloomberg senior ETF analyst Eric Balchunas posted on X platform stating that the cumulative net inflow of Bitcoin ETFs (the most important data) peaked at $63 billion in October last year and is now at $53 billion. In other words, there has been a net increase of $5.3 billion in just two years. He mentioned that his team (more optimistic than most peers) originally forecasted first-year inflows of only $5–15 billion. This data is valuable for understanding the $8 billion ETF outflow following Bitcoin's 45% decline and the relationship between Bitcoin and Wall Street. Overall, the influence of Wall Street remains positively ongoing.
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Deep Tide TechFlow News: On February 20th, Bloomberg senior ETF analyst Eric Balchunas posted on X platform stating that the cumulative net inflow of Bitcoin ETFs (the most important data) peaked at $63 billion in October last year and is now at $53 billion. In other words, there has been a net increase of $5.3 billion in just two years. He mentioned that his team (more optimistic than most peers) originally forecasted first-year inflows of only $5–15 billion. This data is valuable for understanding the $8 billion ETF outflow following Bitcoin's 45% decline and the relationship between Bitcoin and Wall Street. Overall, the influence of Wall Street remains positively ongoing.