Bloomberg Analyst: Silver ETF Returns "Exaggerated" but Limited Inflows, IBIT Defies Headwinds to Attract Capital, Signaling Long-Term Bullish Signal for BTC

Odaily According to a post on platform X by Eric Balchunas, a senior ETF analyst at Bloomberg, the recent performance of the silver exchange-traded fund SLV has been "ridiculously exaggerated," yet its fund inflows have been quite limited, attracting only about $1 billion over the past six months, and investors should be aware of the risks. In contrast, despite a price pullback of approximately 24%, BlackRock's spot Bitcoin exchange-traded fund IBIT has still recorded net inflows exceeding $6 billion. This is a "very positive" signal for Bitcoin's long-term prospects because any ordinary ETF can attract capital during favorable market conditions, but an ETF that can consistently attract inflows during prolonged difficult periods is truly "hardcore."