TechFlow reports that on February 20, Eric Balchunas, Senior ETF Analyst at Bloomberg, posted on X stating that the cumulative net inflows into Bitcoin ETFs—the most critical metric—peaked at $63 billion in October last year and currently stand at $53 billion. This means net inflows have grown by $53 billion within just two years. Balchunas noted that his team—more optimistic than most peers—had originally forecast first-year inflows of only $5–15 billion. This data is highly instructive for understanding the $800 million ETF outflow following Bitcoin’s 45% price decline, as well as the evolving relationship between Bitcoin and Wall Street. Overall, Wall Street’s influence remains persistently positive.
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