Bitcoin's Price Volatility: Beyond ETFs and Retail Investors
TL;DR Summary
Despite the recent approval of Bitcoin ETFs, the surge in institutional investors and heightened investor interest are seen as key drivers of Bitcoin’s demand and supply, with ETFs potentially having an indirect impact on Bitcoin’s price through increased adoption and market validation. GBTC outflows totaling $1.4 billion in a week’s time suggest increased investor interest, while the complex price trajectory of Bitcoin indicates that factors beyond ETF inflows are playing a significant role in its price movements.
- Bitcoin: ‘Bigger forces than ETF’ a factor, thanks to ‘other players’ AMBCrypto News
- Bitcoin Set for One of Worst Weeks in 2024 as ETF Demand Falters Yahoo Finance
- Bitcoin Slips to $64K as Large Grayscale GBTC Outflows Continue CoinDesk
- Bitcoin ETFs see record 3-day outflow as retail investors 'dart in and out of positions' Fortune
- When it comes to bitcoin's price, ETF inflows are only part of the picture The Block
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