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Bloomberg Analyst: Bitcoin's ETF Sees Substantial Inflows, but Signs of a Dead Cat Bounce Persist
Svmuu News: Eric Balchunas, a senior ETF analyst at Bloomberg, posted on X that the "Bitcoin" ETF attracted approximately $500 million in inflows yesterday, marking the largest single-day increase in recent times.with cumulative inflows of about $750 million over the past two days. Amid pervasive market pessimism, he described this inflow as “like hitting a home run in the bottom of the inning,” providing a boost to the market.Year-to-date, the Bitcoin ETF has still recorded cumulative net outflows of less than $2 billion. However, it remains unclear whether this marks the beginning of a genuine rebound or merely a brief “dead cat bounce.”
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