ETF flows seem to be following price

in #bitcoin • 2 months ago

Bitcoin goes up, the flows into ETFs are up

Which comes first?

The flows into the ETFs and then bitcoin's price, or the price of bitcoin is up and then money flows into the ETFs?

Intuitively one would think that the price is up after the flows into the ETFs.

However, it seems to be that when the price is up more money flows into the ETFs.

image.png

(Source: https://twitter.com/HODL15Capital/status/1777434524961431604/photo/1)

Price of bitcoin is up, people buy the ETFs.

Then it goes up even more, self fulfilling.

#crypto #news #steemit #life #blog #investing #stats
2 months ago in #bitcoin by
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     2 months ago 

    Congratulations, your post has been upvoted by @upex with a 69.26% upvote. We invite you to continue producing quality content and join our Discord community here. Keep up the good work! #upex

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