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Glassnode: US Spot ETFs Drive 4% of Bitcoin Market Net Inflows

  • Around 4% to 5% of total Bitcoin net inflows since January are linked to US Spot ETF investments.
  • US Spot ETF investors’ break-even cost ranges from $54.9k to $59.1k, reflecting potential stress points.
  • Bitcoin market has shown an interesting trend from early January 2024 with the entrance of coins into the US Spot Bitcoin ETF.
  • Bitcoin nearing a significant resistance level, close to the breakeven mark for ETF investors.

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