Opinion: As long as the BTC price remains above 61K USD, ETF demand should remain stable
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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