Bitcoin ETFs Are Fine Despite Suffering Their Worst String of Outflows, Says Expert

The $1.2 billion in outflows marked the longest streak since the launch of U.S. spot bitcoin ETFs, indicating a potential sign of healthy growth despite market fluctuations.

Eric Balchunas stated, 'Nothing goes up in a straight line - flow-wise - ever because ETFs service long term investors and traders. This is going to be two steps forward, one step back.'

Despite the recent $1.2 billion outflow, which is about 3% of total assets, it's not alarming. Balchunas considers a worrying number to be closer to 15%-20%.

Balchunas emphasized, 'The key to building a category isn't so much taking in money when there's good times, but it's limiting the outflows at bad times.'

Read at Coindesk