Bloomberg analyst: Bitcoin ETFs could triple gold ETF assets
- —Balchunas: bitcoin ETFs to triple gold ETF assets in the long term
- —Younger investors are more likely to view bitcoin as a store of value
- —On September 17, inflows into U.S. spot bitcoin ETFs totaled $159.45 million
- —For the week through September 17, ETF outflows reached $426.81 million, with assets at $96.25 billion
Why it matters: The forecast points to potential long-term capital inflows into bitcoin ETFs, but current weekly outflows show demand instability.
Source: CryptoPotato