Balchunas sees IBIT flow pattern as a typical bullish signal

Bloomberg ETF analyst Eric Balchunas said BlackRock’s spot Bitcoin ETF, IBIT, showed a typical “Flipping the Bird” pattern in its daily fund flows last week, with a taller middle bar and smaller bars on either side, calling it a bullish signal. Earlier, NatGeraci.com President Nate Geraci, citing The Block reporter Zack Abrams, said U.S. spot Bitcoin ETFs, including IBIT, posted about $2 billion in net inflows last week, while spot Ethereum ETFs drew $700 million, with both marking their largest weekly net inflows since October last year.

Source: Coinness