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Balchunas highlights analysis of Bitcoin ETF investor cost basis

Original: Eric Balchunas Amplifies Analysis of Bitcoin’s ETF Cost Basis

Bloomberg ETF analyst Eric Balchunas is drawing attention to an analysis of the cost basis of investors in US spot Bitcoin exchange-traded funds. The figure is being cited as a possible marker for where ETF buyers would move into loss territory, a level often watched for signs of selling pressure or support in the Bitcoin market.

Why now: Bitcoin ETF investor profitability levels are closely watched as indicators of potential selling or support in the market.

Eric BalchunasBitcoinBloombergBitcoin ETFs

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Evidence

• Eric Balchunas Amplifies Analysis of Bitcoin’s ETF Cost Basis · Cryptonews.net

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