$BTC Recovery of demand for ETFs (positive factor for the crypto market brothers and sisters) 🚨🚨🚨
📊🏦💪On December 17, American spot ETFs on Bitcoin recorded a net inflow of funds amounting to $457.3 million — the highest level since November 11. At the same time, only the Fidelity FBTC fund attracted $391.5 million (CoinDesk). This occurred despite an intraday drop in BTC of 2% to $85,300. What this means: Institutional investors view the price of Bitcoin below $90,000 as a favorable buying zone, which creates demand and offsets capital outflows from crypto ETFs globally (over $1 billion). Purchases through ETFs usually affect the price with a delay of 1-2 days, as asset custodians acquire coins. What to watch for: Data on the inflow of funds into ETFs for December 18 — if the inflow continues, the $86,000 level may strengthen as support.
