BTC spot ETFs see little new inflows.
Jim Bianco, founder of macro and ETF research firm Bianco Research, told X: “Most of the inflows into Bitcoin spot ETFs are existing holders moving funds into TradFi accounts, with very little new inflows. Only retail investors are buying ETFs, and some investors who are losing money are exiting the market. It hasn't attracted baby boomers yet,” he analyzed.
“In the next halving, in 2028, money will only pour in after the on-chain tools (BTC DeFi, NFTs, payments, etc.) are fully developed. We need to be patient,” he emphasized. According to data he compiled, the total assets under management (AUM) of all BTC spot ETs is $46 billion, the lowest level since February 12th. The AUM peak was last June ($62 billion).
