Bitcoin price remains in a seven-month downtrend despite the record ETF net flows.
Spot Bitcoin exchange-traded funds (ETFs) in the United States have reached a major milestone in net flows, even as Bitcoin’s price remains stuck in a seven-month downtrend.
US-based spot Bitcoin (BTC) ETFs crossed $20 billion in total net flows on Oct. 17.
The $20 billion is the “most difficult metric to grow” for ETFs, according to Eric Balchunas, senior ETF analyst at Bloomberg, who wrote in an Oct. 17 X post:
