BlockBeats News, February 27th, The ETF Store President Nate Geraci wrote that “ETF investors have shown a ‘diamond hands’ characteristic overall during the recent Bitcoin downturn. Since Bitcoin hit an all-time high in early October, approximately $6.5 billion has flowed out of physically-backed Bitcoin ETFs. However, compared to the roughly $55 billion that has flowed into this category since January 2024, this outflow is just a drop in the bucket.”
Over the past three days, there has been another net inflow of over $1 billion. For long-term Bitcoin investors, a 50% retracement is almost routine. However, looking at the current situation, even new ETF investors do not seem to be panicking. This is not Bitcoin’s first experience with a 50% drop, and it is likely not the last. Clearly, ETF investors are not engaging in panic selling. Instead, they seem to be buying the dip.
