CDS Crypto News Breaking Crypto News – What Could Explain the Lack of BTC Price Movement Despite the 19th Day of ETF Inflows?
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Breaking Crypto News – What Could Explain the Lack of BTC Price Movement Despite the 19th Day of ETF Inflows?

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Breaking Crypto News - What Could Explain the Lack of BTC Price Movement Despite the 19th Day of ETF Inflows?

Breaking Crypto News – Possible Explanations for the Lack of BTC Price Movement Amidst ETF Inflows

Breaking Crypto News – Many are questioning why the price of Bitcoin hasn’t risen above its all-time high of $73,679 established in March, despite a record 19-day stretch of inflows into spot Bitcoin ETFs headquartered in the United States. Experts assert they know the answer.

ETF flows are fantastic, but they are not strong enough to exceed the entire ecosystem selling (yet),

Charles Edwards, Capriole Investments founder

According to HODL15Capital, as of June 6, 2017 Bitcoin ETFs had about 1.3 million Bitcoin, or 5.2% of the total amount of Bitcoin in circulation. A significant portion of that amount was held by U.S. listed ETFs. Analysts contend that the price is influenced by a wide range of other factors and that the ETFs lack sufficient influence.

You do realize the market is made up of spot, futures, ETFs, and options, right? Price at any point in time is a product of all of these, not just one of them,

crypto trader Christopher Inks
Breaking Crypto News - Possible Explanations for the Lack of BTC Price Movement Amidst ETF Inflows
Breaking Crypto News - What Could Explain the Lack of BTC Price Movement Despite the 19th Day of ETF Inflows? 1

Increase in Inflows is Still Insufficient for Price Increase

Increase in Inflows is Still Insufficient for Price Increase
Breaking Crypto News - What Could Explain the Lack of BTC Price Movement Despite the 19th Day of ETF Inflows? 2

A total of $217.7 million was inflowed into the Bitcoin ETF on June 6, per Farside statistics. Over $15.5 billion in inflows have been made into spot Bitcoin ETFs since their inception; however, some traders feel that this amount is still insufficient to have a meaningful impact on prices until new markets open up.

There are still no spot Bitcoin ETFs in the U.K. or Japan, two major markets. There is lots of room to grow,

Cane Island Alternative Advisors founder Timothy Peterson

FAQ

Will Bitcoin Recover by 2025?

The Bitcoin price is currently trading at $71,283. If it increases by a minimum of 50% from January 1, 2025, to January 1, 2026, the leading cryptocurrency could see $107,000 in 1.5 years.

What is the Bitcoin Price Right Now?

At the time of writing, Bitcoin is trading at $71,311.

What is Inflow in Crypto?

“Inflows” are the amounts of digital assets that are added to cryptocurrency exchanges. A variety of events, including trades, purchases, sales, and wallet transfers by investors, might result in these inflows.

For more up-to-date crypto news, you can follow Crypto Data Space.

Breaking Crypto News - What Could Explain the Lack of BTC Price Movement Despite the 19th Day of ETF Inflows?
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lectertodd

Lectertodd is 25 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

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