Bitcoin Below $70,000, But ETFs Keep Buying: What Is Going On?

Bitcoin (CRYPTO: BTC) spot ETF inflows reaching about $2.5 billion this month, recording a significant spike in activity despite mediocre price action.

ETF Inflows Show Strength

Analyst Shaun Edmondson notes ETF demand has remained resilient despite a sharp price drawdown, reinforcing the long-term bullish case.

He added that Strategy (NASDAQ:MSTR) plans to raise up to $42 billion to acquire more Bitcoin, while Morgan Stanley is preparing to launch a Bitcoin ETF, further signaling growing Wall Street adoption.

At the same time, Bitcoin’s supply remains constrained, with less …

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