Bitcoin ETFs are smashing records. Here's why the price won't budge
![Bitcoin ETFs are smashing records. Here's why the price won't budge](https://www.dlnews.com/resizer/UlvFQ9MlGPjiGamHcFrUF41zBk8\u003d/800x450/filters:format(jpg):quality(70)/cloudfront-eu-central-1.images.arcpublishing.com/dlnews/7M3YCELYGVDUHCUSV7KHMWW3JI.jpeg)
- Bitcoin ETFs have experienced a record inflow streak of 20 days.
- But Bitcoin’s price has remained stuck.
- That’s because hedge funds may be counterbalancing their ETF buys with short positions.
Spot Bitcoin exchange-traded funds are vacuuming funds like there’s no tomorrow.
Yet Bitcoin’s price isn’t bulging. For almost a month now, the top cryptocurrency has traded in a tight range between $67,000 and $72,000.
Crypto market maker Wintermute offered an explanation in its latest report. The problem, …