Bitcoin spot ETFs have seen a net inflow of approximately $2.5 billion this month, with IBIT ranking in the top 2% of ETFs

According to Bloomberg analyst Eric Balchunas, Bitcoin spot ETFs have seen a net inflow of approximately $2.5 billion this month, nearly closing the gap of outflows for the year. Among them, BlackRock's IBIT has completely reversed the net outflow situation since the beginning of the year and ranks among the top 2 in terms of net inflows for all ETFs this year.

Eric Balchunas pointed out that despite Bitcoin's price correction of about 40% over the past 6 months and facing concentrated negative media coverage, the related ETF funds have still shown strong resilience; in contrast, gold saw about one-third of its holders redeem during a similar decline about 10 years ago.