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Interesting information from Bloomberg: American baby boomers are continuously buying Bitcoin Spot ETFs, even as the market faces pressure from multiple sides.
According to Eric Balchunas, a senior ETF analyst at Bloomberg, the baby boomer group has pumped approximately $500 million into Bitcoin ETFs since the beginning of this year, which is a notable sign because they are doing this during a period of multiple negative market factors.
What’s notable is that this baby boomer group still trusts Bitcoin ETFs, even though the total net inflow since the start of the year remains slightly negative, indicating that the overall market is still in a wait-and-see mode. However, this movement by baby boomers clearly shows confidence in the long term. The traditional view on Bitcoin ETFs remains strong.