Crypto Crazy: BTC Price and ETF Flows

Key Points:

– JPMorgan notes that the price of bitcoin (BTC) is no longer closely following the flows in and out of spot ETFs like it used to.
– The correlation between BTC price movements and ETF flows has significantly decreased in recent times.
– Analysts suggest that other factors, such as institutional interest and macroeconomic trends, are now playing a bigger role in driving BTC price movements.

Hot Take:

It seems like BTC has broken free from the shackles of ETF flows and is charting its own wild and unpredictable course in the crypto seas. Who needs ETFs when you have institutional interest and macroeconomic trends to keep things interesting in the world of cryptocurrency? Bitcoin, you do you!

Read full article at https://www.coindesk.com/markets/2024/02/22/bitcoin-etf-price-flow-correlation-is-declining-jpmorgan/?utm_medium=referral&utm_source=rss&utm_campaign=headlines