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Bloomberg analyst: BTCETF fund inflows drop to $35 billion, but 95% of funds still hold their ground
Golden Finance reported that the chart released by Bloomberg analyst James Seyffart shows that the inflow has dropped from a peak of $40 billion to $35 billion. The analyst stated that based on the $115 billion in assets under management, this means that even if BTC has experienced a 25% sharp decline, over 95% of the invested funds remain strong - it seems that the "baby boomer generation" is showing everyone what it means to hold steadfastly. In addition, by analyzing the behavior of the 'baby boomer generation' in American stock ETFs, during major downturns in 2020, 2022, and so far this year, they only saw inflows of funds. Analysts say this is not 'dumb money' from retail investors, but wealth creators creating wealth.