The U.S. Bitcoin spot ETF saw all net inflows for the first time! Baby boomers are more likely to HODL

Bloomberg ETF analyst Eric Balchunas said that the U.S. Bitcoin spot ETF saw its first full-day net inflow in a single day last Friday.

Bloomberg ETF analyst Eric Balchunas said that the U.S. Bitcoin spot ETF saw its first full-day net inflow in a single day last Friday. This can also be seen in the fact that more than 95% of ETF investors (especially baby boomers) continue to hold on during a pretty bad market and ongoing downturn.

Baby boomers are more likely to HODL

Balchunas said outflows and inflows are normal occurrences. But over time, ETFs tend to get two things right -- net growth and relatively strong hands. Ironically, this also shows that the baby boomers who mainly buy ETFs are better at HODL than those in the currency circle.

Because ETF investors generally don't do short-term trading, they are not degens. ETF investors know that volatility is common and will serve them to their advantage over the long term. And when they only invest 1-5%, a short-term economic downturn will have less impact on their overall portfolio.

Note: Degen is the abbreviation of degenerate, which means more like "DeFi gambler, veteran". It is often used to describe investing funds first without considering the security audit of DeFi protocols, and exiting the market before the popularity drops and the bubble bursts, extracting liquidity, and selling tokens to newbies, similar to the concept of profit-seeking masters in bubbles.

GBTC bids farewell to 78 days of net outflows and sees net inflows for the first time

Grayscale GBTC finally bid farewell to 78 consecutive days of net outflows and saw a net inflow of US$63 million for the first time.

Balchunas calls this chart "Hall of Fame" for ETFs, saying he has never seen anything like it and may never see one again.

Balchunas said that GBTC seemed to have another inflow of funds on Monday, and Grayscale did have a large marketing budget.

According to SoSoValue data, as of May 3, Grayscale GBTC has accumulated capital outflows of US$17.4 billion, and its current net asset value is US$18.1 billion, which is equivalent to nearly half of the funds flowing out.