ETF Expert Blasts Faulty Bitcoin Outflow Chart As ‘Way Off’ But IBIT’s Slide Toward $43 Is Very Real
Bitcoin (CRYPTO: BTC) ETF traders are watching BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) slip toward the $43 support zone as fresh debate erupts over how November’s outflows are being portrayed across social platforms.
Balchunas Corrects Misleading Flow Chart
Bloomberg’s senior ETF analyst Eric Balchunas said the viral IBIT chart was “way off,” explaining that it exaggerated the size of withdrawals and wrongly suggested a structural breakdown in BlackRock’s (NYSE:BLK) Bitcoin ETF.
He reposted Bloomberg’s internal flow chart showing that actual November outflows are under 3% of total assets.
He stressed that the accurate data reflects a routine pullback during a weak month for Bitcoin, not a collapse.
The clarification followed an earlier post by economist Mohamed El-Erian, who shared CNBC’s coverage of the flight of short-term “tourist” investors from Bitcoin …
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