Bitcoin ETF buyers are trend followers, not setters, DWF Labs says
Summary
Research from DWF Labs shows that buyers of Bitcoin exchange-traded funds react to previous price movements instead of predicting future market returns. These investors tend to purchase during rallies and sell during market dips, acting as followers of existing trends rather than setting new ones.
DWF Labs research finds that Bitcoin ETF flows follow past BTC price movements rather than predict future returns, with investors buying rallies and selling dips.
Source: Read the full story at Cointelegraph.com News
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