Bloomberg ETF Analyst: U.S. Stock Market Bottom-Feeding Buying Interest Clearly Slowing, ETF Fund Flows Indicate Elevated Anxiety

BlockBeats News, April 22nd, Bloomberg's Senior ETF Analyst Eric Balchunas published a market analysis stating, "ETF Fund Flows Once Again Show Market Anxiety: Gold, Cash, and S&P 500 Inverse ETFs All Rank in the Top Five. Safe Haven Mode Activated, Bottom-Fishing Buyers Clearly Slowing Down."

"Yesterday, Bitcoin defied the stock market downturn, showing a negative correlation with the stock market over the past week, outperforming treasuries (treasuries once again proving unreliable), while gold has been shining in the recent market. Obviously, this is a very short time frame, but if Bitcoin wants to be seen as a true alternative asset, these small victories must also be seized."