Bitcoin ETF buyers follow trends rather than set them, DWF Labs says
- —ETF flows correlate with BTC price moves that have already happened
- —ETF investors buy into rallies and sell during drawdowns
- —DWF Labs says ETF flows are not a leading indicator of returns
Why it matters: If ETF flows merely follow price, they cannot be read as a reversal signal, changing how traders interpret inflows and outflows.
Source: Cointelegraph