Part 15/18:
Turning to the specifics of exchange-traded funds (ETFs) and institutional flows, the speaker notes that despite some negative days and reductions (e.g., Grayscale’s Bitcoin Trust decreasing by around 286 BTC), overall inflows remain substantial—nearly $13 billion over 81 days. The average purchase price of Bitcoin in these ETFs is around $62,200, and as the price drifts below this, stop-loss triggers may cause temporary declines.
However, the influence of ETFs appears to be waning compared to retail and mining activity, especially as ProBit and Fidelity show ongoing interest. The community anticipates that as global adoption advances—particularly if Argentina or South Korea follow through with mining and ETF approvals—the supply-demand dynamics may shift further upward.