Balchunas Analyzes Positive Patterns in BlackRock Bitcoin ETF

By: www.tokenpost.kr|2026/08/24 11:31:00

Recent daily fund flows for BlackRock's iShares Bitcoin Trust (IBIT) have shown a positive pattern, according to analysis. As the net inflow of spot Bitcoin ETFs continues, the market is focusing on the fund flows of individual products. Eric Balchunas, a Bloomberg ETF analyst, noted that the fund flow of IBIT exhibited a 'Flipping the Bird' pattern, interpreting this as a positive signal. However, he added that he is not a certified market technician. Balchunas's comments reflect a personal assessment of the technical pattern of IBIT's fund flows, making it difficult to expand this into a market outlook based solely on the net inflow for a specific trading day. IBIT is a U.S.-listed spot Bitcoin ETF managed by BlackRock, with its assets consisting of Bitcoin and cash in dollars. The fund flow of the spot ETF serves as an indicator of how much investors have adjusted their exposure to Bitcoin prices. However, inflows do not immediately determine price direction.

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Balchunas Analyzes Positive Patterns in BlackRock Bitcoin ETF

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