Eric Balchunas, one of the names followed by the crypto world, especially after the adoption of Bitcoin spot ETFs in the US, stated that the resilience of Bitcoin fund investors surprised him.

“Even I’m surprised…”

Balchunas, who evaluated the ETFs closing yesterday’s trading day in the plus from his personal X account, also opened a separate parenthesis to the BlackRock fund:

“Bitcoin ETFs back to inflows on Wed, after two days of very mild outflows representing just 0.5% of total aum, meaning 99.5% of the money hung tough in face of a -14% Monday and -21% week. IBIT saw no money leave at all, yet traded $5b, a total freak. I’m bullish as it gets re ETF investors’ intestinal fortitude (in all asset classes) but even I’m surprised here. I was expecting 2-3% of the aum to leave and declare that as ‘strong'”

Bitcoin spot ETFs in the US had outflows of $168 million on Monday and $148 million on Tuesday. ETFs completed yesterday with a plus of $45 million. BlackRock’s IBIT fou also did not receive investment in the first two days, but did not lose and closed yesterday with a net plus of $52 million.