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Author: Admin | 2025-04-28
Spot Bitcoin ETF inflows can have a delayed effect on the BTC price, which takes a couple of days to materialize, according to market analysts. 10937 Total views 40 Total shares The Bitcoin price has yet to cross the $70,000 mark despite last week’s record milestone for spot Bitcoin exchange-traded funds (ETFs). On Oct. 17, the US-based spot Bitcoin (BTC) ETFs crossed $20 billion in total net flows, just 10 months after their debut. This same milestone took gold ETFs nearly five years to achieve.BTC rose to an almost three-month high of $69,487 on Oct. 21, before pulling back to trade at $68,570 as of 8:25 am UTC, according to Cointelegraph data. BTC/USD, 1-year chart. Source: CointelegraphThe sluggish price action may be due to the delayed effect of ETF inflows, which can take a few days to impact the spot BTC price, according to Bitfinex analysts. The ask-heavy order book suggests that crypto traders are using ETF flows as exit liquidity for their trades, the analysts told Cointelegraph:“Usually, this means that large ETF inflows have a muted impact for a few days and then the market reverses lower once the aggression from spot market buyers fades. We need sustained spot market interest to push price out of the current range-bound price action.”Positive ETF inflows could help the Bitcoin price reach an all-time high. By Feb. 15, just one month after they launched, United States-based spot BTC ETFs accounted for about 75% of new investment in the cryptocurrency, which had surpassed
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