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Benzinga
Benzinga
Business
Murtuza J Merchant

Why Bitcoin Is Trapped In A Range Despite Record ETF, Treasury Company Flows

Bitcoin COIN ETF Circle
Bitcoin,Coin,With,Bull,And,Stock,Chart.,Bullish,Market,Of

Bitcoin's (CRYPTO: BTC) price may continue to stay within its current trading range despite rising institutional interest and significant ETF inflows, according to Michael Bucella, managing partner at Neoclassic Capital.

In an interview with CNBC on Tuesday, Bucella explained that although demand for Bitcoin is strong, structural factors are preventing further price movement.

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