Why Bloomberg’s ETF Analyst Only Recommends 3% Bitcoin — Key Takeaways
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Why Bloomberg’s ETF Analyst Only Recommends 3% Bitcoin
Natalie Brunell1h 0mOct 13, 2026
Watch the originalBitcoin has consolidated a floor near $60,000 among long-term holders and ETF inflows have held above $58 billion through a 50% drawdown, making it a legitimate modest portfolio allocation (e.g., ~3%) rather than a fringe bet.
Key takeaways
Bitcoin ETF cumulative flows hit $58B, near $63B high, despite a 50% drawdown
Bitcoin ETF cumulative flows hit $58B, near $63B high, despite a 50% drawdown
- This resilience (only ~5% off high-water mark after a -50% move) signals sticky institutional/advisor allocations, not hot money.
- Belchunas frames this as the key metric proving ETF holders didn't capitulate when 'rain came' — a stronger base for future upside.
IBIT was BlackRock's highest-revenue ETF globally within 18 months of launch
IBIT was BlackRock's highest-revenue ETF globally within 18 months of launch
- At ~$100B AUM for a brief period, IBIT's annualized fee revenue eclipsed all 1,000+ BlackRock ETFs — most of which are 15–25 years old.
- Bitcoin ETFs still only ~1% of total ETF assets, showing the asymmetric growth potential if institutional allocation continues to normalize.
Use 3% as the pragmatic Bitcoin allocation for new institutional/advisor clients
Use 3% as the pragmatic Bitcoin allocation for new institutional/advisor clients
- Belchunis calls 3% the 'sweet spot' — enough to feel upside participation, not enough to cause panic-selling in drawdowns.
- Matches BlackRock, Bitwise, and Market Vectors guidance of 1–5% — the advisory industry consensus.
- BUY signal: Bitcoin volatility and correlations to stocks are both falling; nearing gold would trigger much larger institutional flows.
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In this video
- 1mTrailer
- 1mWhy nothing stops the stock market
- 4mWhat actually turned Bitcoin around
- 9mWhy gold stopped working and Bitcoin took over
- 11mThe strange new ETFs Wall Street is launching
- 14mHow easy it is to launch an ETF?
- 17mWhy so many young men are losing money trading
- 19mWill the government start buying stocks?
- 23mWho actually owns the stock market
- 28mHow a skeptic ended up writing a Bitcoin book
- 32mWhy Bitcoin keeps coming back from the dead
- 35mFunny money from space
- 41mThe inside story of BlackRock's Bitcoin ETF
- 44mThe first asset that came from the people
- 47mWhat happened when he tried cold storage
- 49mWhat Bitcoiners can learn from Jack Bogle
- 55mWhere this goes over the next ten years
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