The sentiment engine of Bitcoin ETFs is rewiring market structure


The tide of capital once destined for raw spot Bitcoin has begun to flow through institutional canals, spot exchange-traded funds (ETFs), structured products and wrapped exposure, and while the water is rising fast, the waves aren’t quite the same. Bloomberg’s senior ETF analyst, Eric Balchunas, https://x.com/EricBalchunas/status/1915027291417047326
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