Odaily Planet Daily News: Despite a significant influx of capital into Bitcoin ETFs last week, the BTC price does not seem to have experienced a substantial increase. Bitfinex analysts state that the lack of a significant rise in BTC price may be due to the delayed effect of ETF inflows, which may take a few days to influence the spot BTC price. The analysts mentioned, 'Typically, this means that a large influx of ETF funds has little impact in the short term. Once the enthusiasm of spot market buyers wanes, the market tends to reverse and decline. We need sustained interest in the spot market to push prices out of the current range-bound fluctuations.' The direct impact of Bitcoin ETFs on prices is limited and usually takes a few days to generate bullish momentum. (Cointelegraph)