Do Bitcoin ETF Flows Really Predict Future Bitcoin Price Moves? This New Research Has Important Implications for BTC Investors.
Investing is inherently rooted in statistics. Fortunately, not the complex high school math kind of statistics. More like conversational, back-of-a-baseball-card type of statistics. The emphasis on stats is prevalent in the world of exchange-traded funds (ETFs), where market participants of all stripes intently follow fund flows, also known as inflows and outflows. That's certainly been the case with the iShares Bitcoin Trust ETF (NASDAQ: IBIT) and the other spot Bitcoin (CRYPTO: BTC) ETFs that debuted nearly three years ago. Bitcoin ETF flows aren't price predictors, according to a new study. Image source: Getty Images. Continue reading