Analyst: SLV's surge is "exaggerated," while bitcoin ETFs attract capital during headwinds, showing greater value
BlockBeats News, January 24, Bloomberg Senior ETF Analyst Eric Balchunas analyzed that the recent returns of the silver ETF SLV have been "quite exaggerated," but the net inflow of funds over the past six months is only about 1 billion USD, which does not match its price increase.
In contrast, the bitcoin spot ETF IBIT has accumulated over 6 billion USD in fund inflows, even as its price has pulled back by about 24%. Balchunas believes this is a "very good sign" for the long-term prospects of bitcoin.
He pointed out that when the market environment is favorable, any ETF may attract funds, but only those star ETFs that can continue to attract capital during prolonged downturns and increased volatility truly demonstrate "hard strength."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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