Bloomberg Senior ETF analyst Eric Balchunas suggests Bitcoin ETF investors are in for the long haul.
Bitcoin, the largest cryptocurrency by market cap, has undoubtedly seen better days. At the time of writing, the asset is trading around $82,800, down 11.5% year-to-date (YTD), and 24.5% from its $109,600 all-time high from January 2025.
But despite the rout, one class of Bitcoin investors are holding on.
Boomers Showing Diamond Hands
“The boomers are showing y’all how it’s done,” Bloomberg Senior ETF analyst Eric Balchunas declared on Thursday, March 13, sharing data suggesting that Bitcoin ETF Investors have “held strong” despite the asset’s recent turbulence.
Specifically, Balchunas shared a chart showing that cumulative Bitcoin ETF inflows have only reduced to $35 billion from their peak of $40 billion.
Considering a cumulative asset under management of $115 billion, the analyst explained that 95% of cash invested in these investment vehicles has not budged amid declining market sentiment.
Cumulative Bitcoin ETF flows. Source: Bloomberg IntelligenceOne likely reason for this is that these investors are no strangers to turbulent market conditions and are long-term biased. As highlighted by the Bloomberg analyst, these investors also consistently poured money into U.S. stock ETFs during significant drawdowns in 2020 and 2022 and are still doing the same this year.
Related, here's a look at how the boomers behave in U.S. stock ETFs. Nothing but inflows through past significant declines in 2020 and 2022 and so far this year as well. This is not dumb money retail, these are wealth creators engaging in wealth creation. pic.twitter.com/gz02yp2s7r
— Eric Balchunas (@EricBalchunas) March 13, 2025
Another likely reason Bitcoin ETF investors are not budging is risk management. Bloomberg’s Balchunas noted that Bitcoin mostly constituted 1% to 2% of these investors’ portfolios.
Balchunas’ bird’s-eye view of Bitcoin ETF investors’ activity will likely offer respite to those avidly following recent daily flows to these products.
For context, before Wednesday, March 12, Bitcoin ETFs had recorded net outflows for seven consecutive days totaling $1.5 billion. Outflows briefly paused on Wednesday as these products saw $13.33 million in net inflows but resumed again on Thursday, March 13, with net outflows totaling $143.3 million.
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