Published Jul 17, 2026, 10:21 AM ET · Updated 4 months ago · 2 sources
THE BLOCK: Bitcoin ETFs are likely to test investors’ patience, following gold’s path of "spectacular gains" and "painful drawdowns," says Bloomberg ETF analyst Eric Balchunas. Comparing BlackRock’s IBIT with GLD, Balchunas says sentiment-driven demand can produce both "price explosions" and prolonged periods of stagnation.
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Original Report
THE BLOCK: Bitcoin ETFs are likely to test investors’ patience, following gold’s path of "spectacular gains" and "painful drawdowns," says Bloomberg ETF analyst Eric Balchunas. Comparing BlackRock’s IBIT with GLD, Balchunas says sentiment-driven demand can produce both "price explosions" and prolonged periods of stagnation.