Bloomberg Analyst: Silver ETF Returns Are "Exaggerated" but Limited Capital Inflows, IBIT Wind Resistance Attracts Funds, Sending Long-term Bullish Signals for BTC

BTC-1,24%

Odaily Planet Daily reported that senior ETF analyst Eric Balchunas on the X platform stated that the recent performance of the Silver ETF SLV has been “exaggerated to the point of being absurd,” but the fund’s inflows have been quite limited, attracting only about $1 billion over the past 6 months. Investors should be aware of the risks. In contrast, BlackRock’s Bitcoin spot ETF IBIT, although its price has retraced about 24%, still recorded over $6 billion in net inflows. This is a very positive sign for Bitcoin’s long-term prospects because, in a bullish market, any ordinary ETF can attract funds, and the fact that it continues to receive inflows during long-term tough phases is truly “hardcore” ETF.

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