Bitcoin ETFs draw $1.08 billion in three days, but may fall short of a steep rally
Bitcoin ETFs took in $1.08 billion of net inflows over three days, according to CoinDesk's analysis. That pace may not be strong enough to support a steep bitcoin rally, based on past rallies. Traders may want to watch whether inflows pick up.
Why it matters
- Past steep bitcoin rallies were supported by about $235 million a day in net ETF inflows.
- The ETFs have not yet matched that daily inflow pace, according to CoinDesk data.
- Steady inflows are a sign of demand, but the size of demand matters for a rally.
What to watch next
Watch whether daily net inflows into bitcoin ETFs rise toward the level seen during past steep rallies.
