A “short-term pause” was the description given by Bernstein analysts to the decline in capital flowing into spot Bitcoin ETFs. There will soon be more integration between these products and the platforms of private banks, brokers, and investment advisers, according to their opinion. Regarding this matter, experts maintained their previous prediction that the BTC rate would reach $150,000 by the end of 2025.
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Do you know anything else? Launched on January 11, spot Bitcoin ETFs have seen a marked slowdown in inflows since reaching a daily record of $1.05 billion on March 12. After waiting two days, the first cryptocurrency raised its record price above $73,500.
According to analysts, both platforms’ regulatory frameworks for selling Bitcoin funds and investment advisers’ acceptance of the concept will require time.
Morgan Stanley (NYSE:MS) reportedly plans to let its 15,000 brokers suggest that their clients purchase units of spot Bitcoin exchange-traded funds (ETFs).
Farside reports that spot BTC-ETF inflows have been steadily declining since March 15, when they were relatively stable at $12 billion. Large Bitcoin holders’ activity has been declining since mid-March, according to analyst Ali Martinez who cites data from the Santiment platform.