29 Jan 2024

Bitcoin bounces back above $43k

Outflows from the converted Grayscale bitcoin trust have been essential for price discovery in recent weeks. In this week's report, we discuss whether outflows will continue to decline and explain why all outflows aren't equal.
AOC Cover Jan 30 WEBP
Bitcoin bounces back after post-ETF retrace
Bitcoin has climbed higher throughout the past week, seeing a solid 11% weekly gain, pushing BTC back above $43,000. ETHBTC has trended lower throughout the week, currently sitting at 0.053, consistent with the yearly opening price. For now, the rotational play into ETH is on respirator but might come back to life if positive ETF flows impact BTC positively in the coming weeks.
Net flows to spot ETFs are back to positive
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