Bitcoin ETFs stagnated a little in the last week, but they finished Q3 with $7.8 billion in fresh inflows. This momentary setback caused some inflamed and unreasonable community bearishness.
TradFi ETFs typically stagnate in September, but October is looking highly encouraging for BTC. New XRP and other altcoin ETFs could be a huge new market, but they might not displace Bitcoin’s head start.
Are Bitcoin ETFs in Trouble?
The Bitcoin ETFs have been a huge success, but their recent outflows have been raising some concern. Institutional investment has declined over the last few days, causing bearish sentiment to affect BTC token prices. Indeed, most of the latest trading days have seen significant outflows:
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These market downswings have caused some outsized pessimism about the Bitcoin market, especially as altcoin ETFs are likely coming to the US soon. Could these new products eat into BTC ETFs’ traditional dominance over the sector?
Eric Balchunas, a prominent ETF analyst, has taken a harsh view of these fears, calling them “childish”:
Author: Landon Manning
