Bitcoin ETFs attract $1.08 billion in 3 days but it may not be enough for a steep rally

Bitcoin Exchange-Traded Funds (ETFs) have successfully attracted $1.08 billion in net inflows over a three-day period. Despite this significant capital injection, the article suggests that these inflows might not be substantial enough to trigger a steep rally in Bitcoin's price. Historical data indicates that past steep rallies were fueled by daily net inflows into ETFs averaging around $235 million. According to analysis by CoinDesk, the current pace of inflows into these Bitcoin funds has not yet reached that historical benchmark necessary for a comparable market surge.