Bloomberg Analyst: Bitcoin ETFs See Large Inflows, But Signs of a Dead Cat Bounce Persist

Odaily News Bloomberg senior ETF analyst Eric Balchunas posted on X, stating that Bitcoin ETFs attracted approximately $500 million in inflows yesterday, marking the largest single-day increase recently. Over the past two days, cumulative inflows reached about $750 million. At a time when market pessimism is thick, he described this inflow as "like hitting a home run in the bottom of the ninth," providing a boost to the market. Year-to-date, Bitcoin ETFs still have a cumulative net outflow of less than $2 billion. However, it remains unclear whether this signals the start of a genuine rebound or is merely a temporary "dead cat bounce."