{"id":599074,"date":"2024-03-22T02:00:40","date_gmt":"2024-03-22T02:00:40","guid":{"rendered":"https:\/\/uniquehot.com\/?p=599074"},"modified":"2024-06-11T07:22:38","modified_gmt":"2024-06-11T07:22:38","slug":"beyond-bitcoin-etfs-there-are-other-players","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/beyond-bitcoin-etfs-there-are-other-players\/","title":{"rendered":"Beyond Bitcoin ETFs: \u2018There Are Other Players Controlling This Market\u2019 – Says Analyst"},"content":{"rendered":"
Recent observations by Eric Balchunas, a senior ETF analyst at Bloomberg, suggest<\/a> that the movements in Bitcoin’s price are influenced by factors beyond just the flows of spot Bitcoin Exchange Traded Funds (ETFs).<\/p>\n According to Balchunas, who shared his insights on X, “bigger forces at work” shape the largest cryptocurrency’s valuation<\/a>. This indicates that the correlation between spot ETF flows and Bitcoin’s price action is less direct than some assume.<\/p>\n