BTC spot ETFs show solid net inflows despite price drop, says analyst

Cumulative net inflows for U.S. Bitcoin spot ETFs have remained solid despite a slight retreat this week, Bloomberg ETF analyst Eric Balchunas said on X. He added that this resilience is surprising, given that the price of Bitcoin is 50% below its all-time high and down 11% year-to-date. According to data from Bloomberg Intelligence, cumulative net inflows peaked at around $62.8 billion last October before falling to $53.8 billion this February. The figure then rebounded to $59.1 billion in early May and stood at $57.1 billion as of May 20.