:: #ETFvsBTC ::
▪ Daily I provide the latest data on $BTC ETF inflows & outflows.
💥 But why this information is important and what insights it can give to you?
▪ Every day from Monday to Friday trading of Bitcoin ETF is opened, and such huge asset managers like Blackrock and Fidelity allow to purchase their ETFs
▪ While purchasing share of an ETF has no real-time impact on bitcoin’s price directly - everyone is closely looking on the data that is coming and make investment decisions based on it.
▪ As a lot of whales make their decisions based on ETF data- they influence directly on the price of BTC buying or selling it on CEXs
▪ On the chart you can see how the difference in inflows/outflows influence on the BTC price
▪ So, simply taking into account BTC ETF inflow data and its trends can significantly improve accuracy of your crypto trading
