Total BTC ETF flows since inception recorded a new ATH.

in hive-103599 •  last month  (edited)

Source: Apollo

It seems spot BTC(Bitcoin) ETF buyers don't care about the current BTC price. They've not hesitated to buy BTC.

By the way, I found an interesting point 🤔 As you know, U.S. stock markets tend to be bearish during summer seasons. Is it coincidental that daily BTC ETF flows were lower during 2024 summer?

I think since the inception of spot BTC & ETH(Ethereum) ETFs trading, the crypto market has been becoming more correlated with traditional markets than before, so I presume BTC price has the potential to rise by this April.

It hasn't been a month since Donald Trump's second term began. I've tuned out the noise, ignored price fluctuations, and been focusing on self-improvement 😌

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