Bloomberg's senior ETF analyst Eric Balchunas reported that baby boomer investors have recently purchased approximately $500 million in Bitcoin ETFs. Despite this significant investment, Balchunas noted that net inflows into Bitcoin ETFs for the year remain slightly negative, indicating a challenging market phase. Balchunas highlighted that if investors had been told three years ago that Bitcoin could reach $78,000 and ETF assets could hit $1 trillion, it would have been seen as a major success. This scenario would imply a 240% return and a 50% annualized yield. He suggests that the market is underestimating the potential 464% growth from 2023 to 2024, with the narrative still lagging behind the reality.