Krutika Adani
Bitcoin ETFs witnessed a massive inflow on 16 July after the top crypto recovered $60k. The inflow was the highest in 1.5 months.
Bitcoin ETF
Market recovery in selective cryptocurrencies followed by a perception that the market leader, Bitcoin, was oversold aided its market recovery.
Bitcoin ETF inflows had been uneven after the halving event. Despite witnessing high inflows on selective days, the average inflows were low for most of the post-halving period.
Though there is no direct correlation, the launch of Ethereum ETFs could trigger bullishness in the markets. As a result, Bitcoin ETFs might also witness increased inflows during such bullishness.
As Bitcoin sees the end of the bearish factors, its price may soon witness a bull rally in the near term.