Key Takeaways:
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Avenir Group and Glassnode data concluded that a significant portion of BTC ETF ETF inflows spots is not in full swing, long-term position, indicating true institutional beliefs rather than relying on short-term arbitration techniques.
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The BTC continues to act like a traditional MacRO properties with a strong relationship with equality, gold, and liquidity cycles, while inversely monitoring the dollar and spreading with high yields of credit.
A new study announced that a significant portion of the Bitcoin spot (Btc) ETF flows are not driven by arbitration techniques or hedged futures, but by long-term, unsolicited demand from the traditional market, and it is just a layer of a deeper transformation conducted.
A Collaboration report Through the Glassnode and Avenir Group mentioned that while launching US spot bitcoin ETF marked a milestone for the crypto market, the questions remained if the capital flow was real or the result of the basic trading that exploited price differences between CME futures and markets in the area.
It is assumed that all short positions in CME bitcoin futures from asset managers, dealers, and fence funds are perfectly tired of ETF handling. To meet this question, a new outline was developed.
Avenir Group Researcher Helena Lam and Glassnode Analysts Ukuriaoc and Cryptovizart said that despite their strict model filtering arbitration activity, data shows a strong correlation between unsolicited demand and Spot bitcoin etf Inflows. This indicates that most capital entering the ETFs reflect the real, direction exposure, suggesting that investors in the institution not only evaluate the market, but speak with faith.
Analysts said the steady increase in ETF holdings spot indicates a structure in the bitcoin market profile. Bitcoin is increasingly treated as an institutional property. This change causes more stable capital, improved liquidity, and signs of a well -known market.
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Bitcoin’s identity crisis is over
Beyond the ETF flows, the study noted that Bitcoin is increasingly acting like a macro asset, whose performance is closely tied to greater financial conditions. The data shows growing positive relationships with traditional risk assets such as S&P 500, Nasdaq, and Gold, while inversely monitoring the US dollar index and credit stress indicators such as high yields spread.
Its responding to the global liquidity index (GLI) further features this change as bitcoin rallies during the expansion of liquidity and falters when financial conditions are tight.
Supporting this emerging trend, André Dramotch, the head of research in Bitwise Europe, Highlighting The connection between the global money supply and the price of Bitcoin.
While guarding against the use of global liquidity measures for short -term predictions, the analyst noted that “statistical evidence suggests a prolonged relationship,” estimating that every $ 1 trillion increase in global currency supply can be translated to a $ 13,861 increase in bitcoin prices.
Related: Anthony Pompliano’s crypto venture bought $ 386m in Bitcoin
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
