Bitcoin ETFs See Inflows Despite Price Drop as Long-Term Investors Remain Confident

• ETF investors poured $1.2 billion into Bitcoin ETFs as prices dropped 8% over past week • Genesis trading GBTC shares for spot Bitcoin is net neutral; GBTC outflows not representative • Historically "boomer" ETF investors are long-term holders even during market selloffs • Analyst cites 2008 and 2021 stock market drops where hundreds of billions went into ETFs • Bitcoin currently valued at $64,367 amid recent crypto market decline