Bloomberg Analyst: Bitcoin ETF Fund Flows Turn Positive, IBIT in Top 1% of Fund Flows

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Bloomberg senior ETF analyst Eric Balchunas stated on the X platform that Bitcoin ETF fund flows have turned positive across the board, noting that “all rolling periods we track are in the positive,” marking the first time in several months. The iShares Bitcoin Trust, managed by BlackRock, has seen cumulative inflows of approximately $3 billion, placing it in the top 1% of all ETF fund flow performances. However, Balchunas pointed out that there is still a need for several billion dollars in additional inflows to return to the historical cumulative fund flow high of $62.8 billion. Nonetheless, this indicates a significant recovery in Bitcoin ETF fund sentiment, with market demand beginning to rebound.

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