According to BlockBeats, on May 6, Bloomberg senior ETF analyst Eric Balchunas stated that IBIT absorbed another $500 million yesterday, marking 15 consecutive days of inflows, ranking sixth in annual inflows, surpassing GLD.
Although IBIT only rose by 4%, and GLD is in a historically strong performance period, IBIT still attracted more capital inflows. This is a positive signal for its long-term outlook, enhancing confidence in the prediction that Bitcoin ETFs will reach three times the assets under management of gold ETFs within 3-5 years.
