Bitcoin ETF flows follow the price rather than lead it, DWF Labs says
A DWF Labs report concludes that daily flows into U.S. spot Bitcoin ETFs are not a reliable indicator of BTC's next move, since investors tend to buy after rallies and sell during declines. The analysis of 694 trading days since January 2024 found a correlation of 0.54 with Bitcoin's price over the prior five days and of just 0.03 with the following five days. "ETF flows confirm moves; they don't predict them," the report says.
In 40 seconds
- DWF Labs analyzed 694 trading days of U.S. spot Bitcoin ETFs since their launch in January 2024.
- Investors pulled money in seven of the eight Bitcoin drops of at least 15%, while the nine rallies of that size drew net inflows.
- Flow correlation with the prior five days' price was 0.54; with the following five days, 0.03.
IASummary generated by artificial intelligence from a story by TradingView. It may contain errors: the original source prevails.




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