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Bloomberg Analyst: Bitcoin ETF has seen $53 billion in net inflows over two years, with continued positive influence on Wall Street
Odaily Planet Daily reports that Bloomberg Senior ETF Analyst Eric Balchunas posted on X platform that the net inflow of Bitcoin ETFs (the most important data) peaked at $63 billion in October last year and is now at $53 billion. This means a net increase of only $5.3 billion in two years. He stated that his team (more optimistic than most peers) originally predicted 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, Wall Street’s influence remains positively ongoing.