Bloomberg analyst: Spot BTC ETF inflows exceed industry expectations

The pace of net inflows into spot Bitcoin ETFs has surpassed industry expectations, according to Bloomberg analyst Eric Balchunas. In a post on X, Balchunas noted that cumulative net inflows for the ETFs peaked at $63 billion last October and currently stand at $53 billion, marking a $53 billion increase in assets under management in just two years. He added that Bloomberg's own forecast for first-year net inflows was more optimistic than most, predicting a range of $5 billion to $15 billion.