Why Is Bloomberg Analyst Bullish on Spot Bitcoin ETFs Despite $1.2B Outflow?

US Bitcoin exchange-traded funds (ETFs) have experienced their longest period of daily net outflows since their introduction at the beginning of the year. Data compiled through September 6, 2024, reveals that investors withdrew nearly $1.2 billion from these ETFs over an eight-day period. However, Bloomberg analyst Eric Balchunas has maintained a positive outlook on spot The post Why Is Bloomberg Analyst Bullish on Spot Bitcoin ETFs Despite $1.2B Outflow? appeared first on CoinGape .