{"id":106757,"date":"2025-10-07T13:12:09","date_gmt":"2025-10-07T13:12:09","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/106757\/"},"modified":"2025-10-07T13:12:09","modified_gmt":"2025-10-07T13:12:09","slug":"is-wall-street-driving-btc-prices-kaiko","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/106757\/","title":{"rendered":"Is Wall Street Driving BTC Prices? &#8211; Kaiko"},"content":{"rendered":"<p>BTC crossed $125k for the first time over the weekend as markets rose across the board last week. Following BTC\u2019s latest record run, we\u2019re exploring BTC\u2019s price drivers and price discovery mechanisms. In particular, we look at the role of spot exchange-traded funds on prices, questioning a common assumption that they are the main driver of BTC\u2019s price.<\/p>\n<ul>\n<li>Bumper week for BTC ETFs<\/li>\n<li>Why flows don\u2019t necessarily signal price changes<\/li>\n<li>The importance of market structure improving<\/li>\n<\/ul>\n<p> Trend of the Week <\/p>\n<p>Despite the latest U.S. government shutdown, markets are buoyant across the board. Broad based equity indices are near all-time highs, as is gold and now so is BTC. Its latest rally leaves it up over 160% since the launch of spot ETFs in January 2025.<\/p>\n<p>Last week, the spot BTC ETF cohort took in more than $3.2 billion, with just over $1.8 billion coming directly from BlackRock\u2019s IBIT. This follows a pattern: in January, May, and July, spot ETFs recorded net inflows in excess of $2 billion each time as BTC set new record highs. This raises a question that has been persistently asked since the launch of these products: is Wall Street driving BTC prices?<\/p>\n<p>While our research shows there\u2019s been more extreme returns since ETFs launched, and a higher probability of large returns, the products alone aren\u2019t driving returns.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2025\/10\/Screenshot 2025-10-06 at 20.07.44.png\" alt=\"Screenshot 2025-10-06 at 20.07.44\"\/><\/p>\n<p>We explore the statistical significance of ETFs, why liquidity matters, and encouraging signs in the options markets in the full report. Sign up below to read more.<\/p>\n","protected":false},"excerpt":{"rendered":"BTC crossed $125k for the first time over the weekend as markets rose across the board last week.&hellip;\n","protected":false},"author":2,"featured_media":106758,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175],"tags":[79,18,19,17,188],"class_list":{"0":"post-106757","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-eire","10":"tag-ie","11":"tag-ireland","12":"tag-markets"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/106757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=106757"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/106757\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/106758"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=106757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=106757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=106757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}