Analysis: Bitcoin Pulls Back Over 40%, Spot ETF Outflows Only 6.6%

Odaily News Amid Bitcoin's retreat of over 40% from its October highs, spot Bitcoin ETFs have demonstrated notable resilience. Eric Balchunas noted that net outflows from ETF assets during this period were only about 6.6%, significantly lower than the crypto market's historical reactions to similar price drops. He pointed out that ETF investors typically allocate 1%–2% of their portfolio to Bitcoin, a structure different from highly leveraged or concentrated crypto-native traders, making them more inclined towards long-term holding. Balchunas believes the ETF structure may continue to anchor Bitcoin within the traditional financial asset framework, and short-term volatility does not equate to the end of the trend. (CoinDesk)