- In the land of digital gold, the first quarter saw a billion-dollar parade of ETF inflows, with a Bitwise seer predicting a $3 billion bonanza ahead – prices be damned.
- While Joe Public watches the price ticker with bated breath, the big fish are diving in, lured by the siren call of global crypto love and a kinder, gentler regulatory touch.
- Arbitrage artists have been painting the town red with their clever trades, but as yields wane, the future may depend on those with a longer crypto horizon.
Bitcoin‘s ETFs have been the life of the party, raking in the cash despite the market’s gloomy mood. One wise guy predicts an even bigger bash in the coming months, with or without a price recovery.
“The times, they are a-changin’,” quipped Juan Leon, the senior strategist at Bitwise. “Sure, the retail crowd is fixated on the price dance, but the big boys are seeing the big picture – and they’re liking what they see.”
Amidst an S&P bloodbath and bitcoin’s own dive, the ETFs swam against the tide, pulling in over a billion. Leon expects an even bigger splash in Q2 – up to $3 billion, if the stars align.
But wait, is that inflow just a mirage?
That first billion? Might be less shiny than it looks. You see, institutional types have been playing a neat little game, buying ETFs while shorting futures – a yield feast without the price feast.
Yields were juicy, oh so juicy, but lately, they’ve taken a tumble. The party might be over for these clever cats.
Back to the bull: It’s early days yet
“Sure, a price pop would be nice,” mused Nate Geraci, the president of the ETF Store. “But let’s not forget, the big kids are just dipping their toes in the crypto pool. As they warm up, expect a flood of inflows.”
Bitcoin’s slice of the ETF pie? A sliver, for now. But with the powers-that-be smiling on crypto, that pie might get a whole lot bigger.
A Las Vegas poll says most advisors are ready to up their crypto game. Bitcoin’s “safe haven” rep is on the rise, and as recession fears loom, it might just be the hero we need.
“Bitcoin, the digital gold,” declared David Siemer, CEO of Wave Digital Assets. “If the economy wobbles, expect more love for our digital friend. The short-termers might bail, but the believers will keep the faith – and the inflows – strong.”
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2025-04-02 19:12