Opinion: As long as the BTC price remains above 61K USD, ETF demand should remain stable
Bitget2024/11/04 11:11
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Cryptoquant CEO Ki Young Ju recently stated that the demand for Bitcoin spot ETF demand increases with price. BlackRock IBIT and Fidelity FBTC saw the highest average netflow at $73K level. I'm not sure whether the ETF buyers are FOMO-driven dumb money or smart money that aimed to break the ATH.
He believes that, Bitcoin has ranged between $53K and $73K over the past eight months. Spot ETF demand has seen net positive inflows, mostly above $61K. As long as the BTC price holds above $61K, ETF demand should remain steady, imo.


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