#BREAKING
👀 👉 | $ENSO |
₿Senior Bloomberg ETF analyst Eric Balchunas notes that the cumulative net inflow into spot BTC ETFs peaked in October 2025 at +$63 billion. Today it stands at +$53 billion. That is the NET cumulative inflow in just 2 years.
Right after the launch of spot BTC ETFs, Eric and his team forecast that the cumulative net inflow in the first year would be between $5 billion and $15 billion. That was the most optimistic forecast among their colleagues on Wall Street.
Balchunas thus points out that this is an important context to consider when analyzing/writing about outflows from spot BTC ETFs amid price declines.
The current cumulative outflow from the October 2025 peak is tiny compared to the still huge, above-expectations cumulative inflow since the BTC ETFs launched.