Satosha on Nostr: it means 2x ETF inflows should led to 10x spike in #bitcoin price ! Am I right ? - ...

it means 2x ETF inflows should led to 10x spike in #bitcoin price !

Am I right ? - #askNostr

quoting
nevent1q…k478

🇺🇸U.S Bitcoin spot ETFs have hit 53% of Gold ETF assets in just 10 months of trading

With $70B poured into Bitcoin ETFs in 2024, they're already rivaling the $138B held across 35 U.S. Gold ETFs — which, had a 20-year head start since their launch in 2004.

ETF to market cap ratio shows how much demand there is for BTC

$70b - $1.4T

$140b - $18T