How to Read US Spot Bitcoin ETF Flows—and Their Limits
By The Defiant
Net flows measure additions to funds minus withdrawals—not all share trading or changes in asset value. They cannot, by themselves, explain bitcoin’s price.
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Bitcoin
The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.
Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.
More about BitcoinExchange-traded fund
An investment fund that holds a basket of assets, such as the shares in an index, and trades on a stock exchange like a single share.
ETFs offer low-cost, diversified investing and are a fast-growing way people save.
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