Bitcoin ETF outflows are noise as Wall Street doubles down on crypto, says analyst
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- Eric Balchunas says $3 billion outflows from Bitcoin ETFs are a tiny fraction of the $100 billion asset pool and “totally meaningless” in normal ETF flow terms.
- Bitcoin ETFs have amassed about $57 billion net inflows since launch, close to the $63 billion peak, despite a 50% price drop.
- Spot Bitcoin ETFs are deemed the most successful ETF rollout on record, with BlackRock’s IBIT quickly gathering assets.
- Morgan Stanley and other Wall Street firms such as Goldman Sachs and BlackRock are expanding crypto offerings, underscoring sustained institutional demand.
- Hyperliquid‑linked ETFs have attracted strong trading and performance, showing continued innovation beyond Bitcoin.
Why it matters: Institutional crypto investors benefit from continued net inflows, while short‑term traders see little impact from $3B outflows; the resilient ETF pool supports ongoing product development by firms like Morgan Stanley and BlackRock.
