Bloomberg Analyst: Bitcoin ETF Inflows Drop to $35 Billion, But 95% Still Holding Their Ground
Bloomberg analyst James Seyffart released a chart showing that inflows have fallen to $35 billion from a peak of $40 billion. Based on $115 billion in assets under management, the analyst says this means that more than 95% of the money invested in BTC is still holding up even after a 25% drop - it looks like the ‘baby boomers’ are showing everyone what it means to hold on to something! holding. Furthermore, by analysing the behaviour of Baby Boomers in US equity ETFs, which have seen nothing but inflows in 2020 and 2022, as well as during several major declines so far this year, analysts say that it's not ‘dumb money’ from retail investors, but rather wealth creators who have been able to create their own wealth. It's not retail investors' “dumb money,” analysts say, it's wealth creation by wealth creators.
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