Bitcoin ETFs Rebound in May, Analyst Forecasts Sustained Growth

Spot Bitcoin ETFs have successfully reversed April's outflows within the first two weeks of May.



Eric Balchunas, Senior ETF Analyst at Bloomberg, highlighted that Bitcoin ETFs have already attracted $1.3 billion in inflows this month, effectively countering April's negative outflows. This brings the total inflows to $12.3 billion since their inception.



Balchunas emphasized that fluctuations in capital movements are a natural aspect of ETFs and should not concern investors. He remains confident that spot Bitcoin ETFs will deliver positive long-term returns.



CryptoQuant reports that this resurgence in activity is coupled with renewed demand for Bitcoin. Both regular holders and large investors are increasing their Bitcoin holdings, indicating a heightened market interest.



Recent data from SoSo Value confirms that spot Bitcoin


First found on: Cryptonews from Coinatory