On February 27, Nate Geraci, President of The ETF Store, stated, “ETF investors have shown ‘diamond hands’ characteristics during the recent Bitcoin decline. Since Bitcoin hit a record high in early October, spot Bitcoin ETFs have experienced approximately $6.5 billion in outflows. However, compared to the roughly $55 billion of net inflows since January 2024, this outflow is just a drop in the bucket. In the past three days, there has been over $1 billion in net inflows again. For long-term Bitcoin investors, a 50% retracement is almost commonplace. But from the current situation, even new ETF investors don’t seem to be panicking. This isn’t Bitcoin’s first 50% drop, and it likely won’t be the last. Clearly, ETF investors are not engaging in panic selling. On the contrary, they seem to be buying the dip.”
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Analysis: Bitcoin ETF investors seem to be buying the dip, with no signs of panic during the pullback.
On February 27, Nate Geraci, President of The ETF Store, stated, “ETF investors have shown ‘diamond hands’ characteristics during the recent Bitcoin decline. Since Bitcoin hit a record high in early October, spot Bitcoin ETFs have experienced approximately $6.5 billion in outflows. However, compared to the roughly $55 billion of net inflows since January 2024, this outflow is just a drop in the bucket. In the past three days, there has been over $1 billion in net inflows again. For long-term Bitcoin investors, a 50% retracement is almost commonplace. But from the current situation, even new ETF investors don’t seem to be panicking. This isn’t Bitcoin’s first 50% drop, and it likely won’t be the last. Clearly, ETF investors are not engaging in panic selling. On the contrary, they seem to be buying the dip.”