Everyone says the #ETF decide the price of Bitcoin, this analyst refutes it

James Van Straten argues that factors such as macroeconomics have a greater impact on the price of the digital currency.

Since the launch of bitcoin (BTC) exchange-traded funds (ETFs) in the United States, it has been said that they have a great influence on the price of the digital asset.

Market analyst James Van Straten has presented a perspective that challenges this dominant narrative. He claims that there is no such direct relationship.

Van Straten focuses on the three largest ETFs on the market, managed by BlackRock, Grayscale and Fidelity, which together manage 757,313 BTC, equivalent to approximately $43 billion.

Despite their immense size, the analyst maintains that these funds do not determine the price behavior of #BTC .

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