BlackRock claims that at least 90% of Bitcoin ETF investors are buying despite bear markets.
Data from Coinglass verifies the claim as true, with $583 billion in inflows since the last 5 days.
Total inflows in the last month exceeded $55 billion.
Bitcoin ETF is primarily purchased by investors who find it technically challenging to buy and safeguard Bitcoin with self-custody.
Most of them are investors in purely traditional markets.
All of these are taking place despite a war situation in the Middle East, the ATH Gold markets, and uncertainty in global trade.
Bitcoin could slowly be replacing traditional reserve assets like Fiat and Gold in investor portfolios worldwide.
Source: https://bfmtimes.com/90-of-bitcoin-etf-investors-are-accumulating-says-blackrock/
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