Spot Bitcoin ETFs Inflows to Remain 'Constructive' in 2024, Analyst Says

This spot. Bitcoin ETF update is presented by Grayscale, the world's largest crypto asset manager. I think the ETF flows will generally remain uh constructive throughout the entire year. We will probably not see uh periods such as this one lasting for more than 1 to 2 to 3 weeks. Uh It's been quite incredible. Um So I expect flows to start moderating a bit from here. Uh But ETF flows and like the enhanced access to Bitcoin uh through these wrappers will be a very important force in the market. Similarly, uh I also view the Bitcoin halving as an important event. Uh It's uh known beforehand. So you can make the argument argument based on an efficient market hypothesis that the hal does not, should not have an impact on the BT C price, but on the o on the other end of uh the halving, you have the miners who constantly have to sell Bitcoin each and every day to fund their operations. So I would say that uh halving as it incrementally reduces the uh annualized Bitcoin insurance by 164,000. Bitcoin is due to have a solid and positive footprint on the Bitcoin price.