Bitcoin ETF Inflows Fail to Boost Yearly Performance Despite Record Milestone

Bitcoin ETFs have seen significant inflows in recent weeks, attracting nearly $1 billion in just one week. However, despite this hype, the reality is far from rosy. The cumulative flows since the start of the year remain approximately $1 billion in the negative.

This means that even with massive weekly inflows and a $100 billion asset milestone, the ETFs are still underwater for 2024. The question on everyone's mind is: if billions in new capital can't even put the year in the green, is the ETF experiment actually failing to drive growth?