How Bitcoin ETFs can be a potential catalyst for BTC’s price

This strong performance was evident across several key metrics, including fund flows, asset under management , trading volumes, and individual fund AUM reaching new highs.Fueled by investor enthusiasm, all Bitcoin ETFs witnessed a net inflow of approximately $1.75 billion during the week.

It’s important to remember that this comes amidst a record-breaking 18 consecutive days of overall net inflows for all funds, reaching a total of $15.66 billion.The total assets under management for Bitcoin ETFs also surpassed a significant milestone, reaching $62.33 billion by the week’s end, a clear indication of growing investor confidence in this asset class.

Since the 21st of May, after testing the $72,245.64 mark, Bitcoin had been moving sideways. Even though the price movement of BTC was mostly neutral, the CMF for the king coin declined.Moreover, the Awesome Oscillator had turned negative. This indicator measures momentum by comparing recent price movements to historical data.

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