Eric Balchunas|Jun 04, 2026 11:46
BAD TIMES: Bitcoin ETFs in a big step back mode.. $4.4b out over past month which sent the YTD number negative again (it had worked hard to get positive too). That said, some silver lining: IBIT & a few others STILL positive YTD (unreal) and total net lifetime is still +$55b (less than 10b from high water mark, not bad at all for this type of drawdown and negative sentiment, gold went down like this a few yrs after GLD debuted and 40% of the assets left, much stronger holders here so far). But yeah, to quote Henry Hill, "this is the bad times"(Eric Balchunas)
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