Bitcoin ETFs Flows: Entering The Third Phase

Bitcoin ETFs Report, November 2024

Bitcoin is hitting all-time highs on US election day.

That's exciting news. But for the long-term perspective, one metric drives everything forward: Bitcoin ETF flows.

And they've just entered their third phase.

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Bitcoin ETFs Flows: Entering The Third Phase

The Takeaway

Bitcoin ETF flows have entered their third phase since launch. After the initial surge and a long period of modest growth, inflows are now approaching launch-period levels again. 

Our analysis of ten months of data shows a consistent relationship: each 1,000 BTC of monthly net inflows correlates with a 0.4% price increase. With October's inflows reaching 80,000 BTC and Bitcoin hitting new all-time highs, the market appears to be entering a new growth phase. 

However, future performance depends heavily on whether these strong institutional inflows continue.

Getting Over The Flow Threshold