Bloomberg Analyst: Silver ETF Returns Are "Exaggerated" but Inflows Remain Limited, IBIT Attracts Capital Despite Headwinds, Signaling Long-term Bullish Outlook for BTC

ChainCatcher News, Bloomberg Senior ETF Analyst Eric Balchunas posted on X that the recent returns of the silver exchange-traded fund SLV are "exaggerated to an absurd degree," but the fund inflows have been quite limited, attracting only about $1 billion over the past six months. Investors should pay attention to the risks.

In contrast, BlackRock's spot bitcoin exchange-traded fund IBIT, despite a price pullback of about 24%, has still recorded net inflows of over $6 billion. This is a "very positive" signal for bitcoin's long-term prospects, because when the market is favorable, any ordinary ETF can attract funds, but the ability to continue attracting inflows during prolonged tough periods is what makes a truly "hardcore" ETF.