Analysis: U.S. spot Bitcoin ETFs currently see very few new inflows

Jim Bianco, founder of macro and ETF research firm Bianco Research, wrote on X that most of the inflows into U.S. spot Bitcoin ETFs have come from on-chain holders moving back into TradFi accounts, with very few new inflows. "Very few have come, and those that have are holding losses and may now be leaving," Bianco underscored, adding that the U.S. spot Bitcoin ETFs have not reached the hype of "here come the boomers." The Bianco Research further noted that these ETFs might become an instrument of adoption following the next Bitcoin having in 2028 and significant strides in on-chain tools such as BTC chain DeFi, NFTs and payments. So far, all spot Bitcoin ETFs record $46 billion in total assets under management (AUM), lower than its June peak of $62 billion, according to Bianco. This also marks the lowest level since Feb.12, Bianco added.