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via coindesk.comMarkets

Bitcoin bulls can't rely on ETF flows

FROM THE WIRE · COINDESK.COM

Spot bitcoin ETFs, the source of demand many crypto bulls were counting on to keep powering prices higher into year-end, have faltered badly.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishSpot bitcoin ETF flows are a key source of demand, so their weakness weighs on the price.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Spot bitcoin ETFs were expected to be a source of demand.
  2. 02Those flows have faltered badly.
  3. 03Crypto bulls had hoped they would keep prices rising into year-end.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
BitcoinBTCUSDCrypto74,824.00 USD+0.14%today +0.32%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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