Bitcoin ETFs’ momentum could ‘not last too long’ — Ecoinometrics
Photo: AMBCrypto
After 2 years and 9 months of Spot Bitcoin [BTC] ETFs being launched, the demand for the first-ever crypto ETF is perhaps gradually slowing down. However, despite the turtle movement, BTC ETFs still continue to support Bitcoin’s price recovery, according to Ecoinometrics. Over the last 30 days, net inflows into Bitcoin ETFs have remained positive at approximately 30,000–40,000 BTC. However, the pace of these purchases has weakened as Bitcoin recently consolidated above $80,000, suggesting that buying pressure may be losing momentum. Still, Ecoinometrics noted that this slowdown is relatively mild compared to previous periods when ETF demand reversed sharply.
Source: AMBCrypto
