The Bitcoin Layer
Bitcoin ETFs are DEMOLISHING Records: "This Is Crazy" | Eric Balchunas
May 17, 2024
In this episode, Bloomberg's senior ETF analyst Eric Balchunas discusses the records shattered by Bitcoin ETFs, the importance of Bitcoin in portfolio completion, and forecasts institutional demand. He also shares insights on hedge funds and pension funds purchasing bitcoin ETFs, emphasizing the growing interest in ETFs among big institutional holders.
35:25
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Quick takeaways
- Bitcoin ETFs are attracting record-breaking inflows, showcasing intense investor interest and changing investment patterns.
- Vanguard's appointment of a CEO with a background in Bitcoin ETF launches hints at a possible shift in anti-crypto policies and strategies.
Deep dives
Record-setting Inflows into Bitcoin ETFs
Bitcoin ETFs have seen unprecedented success with record-breaking inflows, such as Black Rock's reaching $10 billion in just 49 days, quicker than any previous record. The streak of 72 consecutive inflow days was exceptional in the ETF world, showcasing the intense investor interest. This anomaly reflects a shift in investment patterns, with Bitcoin ETFs attracting significant funds at a remarkable pace, surprising even seasoned analysts like Eric Bauchunas.
