Correlation Between BTC Price and American Spot ETF

IconCryptoNewsTerminal Staff30 Aug, 2024

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Correlation Between BTC Price and American Spot ETF

Bitcoin (BTC) price exhibits a tendency to rise when there is substantial inflow of funds into the American Bitcoin spot exchange-traded fund (ETF) and decline during periods of significant outflows, according to data presented by HODL Capital. The table shared by HODL15Capital on X provides insights into the relationship between the flows of the BTC spot ETF and the price of BTC. The ETF's inflows and outflows reflect investor sentiment and demand for Bitcoin.