Bitcoin ETFs Show Resilience Amid 40% BTC Price Drop, Says Bloomberg Analyst Eric Balchunas

Bloomberg's senior ETF analyst Eric Balchunas has highlighted the notable resilience of spot Bitcoin exchange-traded funds (ETFs) despite a significant market downturn. According to his observations, these investment vehicles have "barely flinched" even as the price of Bitcoin (BTC) experienced a sharp decline of approximately 40% from its recent peak. This stability suggests strong underlying investor conviction and a mature holding pattern, contrasting with the volatility often seen in the direct crypto market. Balchunas's analysis points to a key development for the cryptocurrency sector, indicating that institutional-grade products like Bitcoin ETFs may be decoupling from short-term price swings and establishing a new dynamic for mainstream crypto investment.