Analyst: SLV Gains "Exaggerated," While Bitcoin ETF More Resilient During Downtrends

BlockBeats News, January 24th, Bloomberg's Senior ETF Analyst Eric Balchunas analyzed that the recent return performance of the silver ETF SLV was "quite exaggerated," but the net fund inflow in the past 6 months was only about $1 billion, which does not match its price increase.

In contrast, the Bitcoin spot ETF IBIT has received over $6 billion in cumulative fund inflows even when experiencing a price retracement of about 24%. Balchunas believes this is a "very good signal" for Bitcoin's long-term prospects.

He pointed out that while any ETF could attract funds when the market is favorable, only those that can continue to attract funds during a protracted downturn with increased volatility truly demonstrate "real strength" as star ETFs.