Bitcoin ETFs lose $679 million over the week

00:00 Speaker A

Bitcoin ETF inflows stall after 1.7 billion dollar burst.

00:05 Speaker A

Will demand return. So I love this story because yes, they lost about 600 million-ish

00:09 Speaker A

last week after that 1.7 billion in demand.

00:15 Speaker A

But some of the headlines are Bitcoin reverses losses and it was like $21 million in inflows on Friday.

00:23 Speaker A

And that was the reversal. So I guess we'll see what happens here on Monday.

00:30 Speaker A

But the fact is that ETF flows, I don't think are very predictive of price. To be quite frankly,

00:36 Speaker A

Frank, I think that they are reactive. You know, when we see a price going up massively, obviously we see these huge inflows.

00:43 Speaker A

Sometimes at the beginning of the liquidation event, you know, we saw 500 million in shorts liquidated after Bitcoin went up to the high 80s, uh before coming back to the low 80s and mid 80s.

00:54 Speaker A

There were a few days where it was still inflows and then they follow and they bleed and then they bounce after price does.

01:00 Speaker A

So, I'm not sure that there's much signal in the noise of ETF inflows, but still always worth reporting what happened.

01:07 Speaker A

The bleeding uh has stopped, but that doesn't mean that the patient's ready to run a marathon here.