Demand For Spot Bitcoin ETFs Stagnate For 4 Straight Weeks: More Pain For BTC HODLers?
Summary
Demand for Bitcoin exchange-traded funds (ETFs) in the United States has stagnated despite active on-chain accumulation. Most spot Bitcoin ETFs have seen zero inflows over the past two days, with only one exception. Market conditions, with Bitcoin down 14% from all-time highs, have led to decreased inflows. If prices continue to drop, outflows from spot Bitcoin ETFs are likely, potentially leading to further price declines. The impact of Hong Kong regulators approving multiple spot Bitcoin and Ethereum ETFs on the market remains to be seen.
