Odaily Planet Daily reports that Bloomberg ETF senior analyst Eric Balchunas posted on X platform stating, “Baby Boomer” investors bought approximately $500 million worth of Bitcoin ETFs yesterday. However, he pointed out that the net inflow of Bitcoin ETFs has still been slightly negative this year and described the current stage as a “bad time.” Eric Balchunas also emphasized that if three years ago the market was told that Bitcoin could reach about $78,000 and ETF size could hit $100 billion, people would have considered it a huge success (because it implies a 240% return and a 50% annualized yield). Therefore, the market still underestimates the up to 464% growth in 2023 and 2024, and the narrative is still catching up with reality.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Futures Open Interest Declines 5.74% in 24 Hours, Total Positions at $60.08B
Gate News message, April 23 — According to Coinglass data, Bitcoin futures open interest across all exchanges fell 5.74% over the past 24 hours, with total positions now standing at $60.08 billion.
Among major platforms, a leading CEX
GateNews1m ago
Bitcoin and Ethereum Options Worth $98.7B Set to Expire
Gate News message, April 23 — Bitcoin and Ethereum options with a combined notional value of $98.7 billion are set to expire this month. According to on-chain data, 109,000 BTC options will expire with a put-call ratio of 0.93 and a maximum pain point of $72,000, representing a notional value of $85
GateNews39m ago
Morgan Stanley Purchases 143.34 BTC Worth $11.17 Million
Gate News message, Morgan Stanley bought 143.34 BTC worth $11.17M around an hour ago. Now they hold 1.964K BTC worth $153.41M.
GateNews55m ago
Bitcoin Falls to $78,326 After Trump Issues Military Warning Over Iran Strait
Gate News message, April 24 — Bitcoin retreated to approximately $78,326 on Thursday after U.S. President Donald Trump issued a military warning to Iran, stating he had ordered the U.S. Navy to "shoot and kill" any Iranian vessels placing mines in the Strait of Hormuz. The pullback followed a rally
GateNews1h ago
Crypto Sentiment Hits 3-Month High; Bitcoin Holds $77K Amid Speculative Risks
The Crypto Market Fear and Greed Index has climbed to its highest level since January 18, reaching 46 over the past 24 hours, according to data from Alternative.me. This represents a 14-point jump from the previous day and marks the largest single-day increase recorded so far this year, signaling a
CryptoFrontier2h ago
