Odaily Planet Daily reported that despite a large influx of funds into Bitcoin ETFs last week, the price of BTC does not seem to have risen significantly. Bitfinex analysts stated that the lack of a significant rise in BTC price may be due to the delayed effect of ETF inflows, which could take a few days to impact the spot BTC price. The direct impact of Bitcoin ETFs on price is limited and typically requires a few days to generate bullish momentum. Analysts mentioned: "Usually, this means that a large influx of ETF funds does not have a significant effect in the short term. Once the enthusiasm of spot market buyers wanes, the market will reverse and decline. We need sustained interest in the spot market to drive the price out of the current range of fluctuations." (Cointelegraph)