CryptoQuant CEO Ki Young Ju has made a prediction regarding the spot Bitcoin exchange-traded fund (ETF) market, stating that it could experience a rebound in demand if the price of BTC continues to decline.
Analyzing historical net flow trends, Young Ju observed that demand for Bitcoin ETFs tends to rise when the cryptocurrency reaches specific price levels. However, BitMEX Research reveals that spot BTC ETFs have recently seen negative net flows, with outflows from the Grayscale Bitcoin Trust ETF and reduced inflows to other BTC ETFs over the past four trading sessions.
Source - Yahoo! Finance
Komentarze