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

- 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, …