BlackRock's Bitcoin ETF (IBIT) recorded a $209M inflow after several weeks of relatively weaker activity.
While one day of inflows doesn't establish a trend, ETF data remains an important indicator of institutional participation in the crypto market. Combined with on-chain metrics, liquidity, and macro conditions, it can provide useful context beyond short-term price movements.
How much weight do you give ETF flows when analyzing the market? Do you consider them a leading indicator, or do you focus more on other metrics?
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