• 10x Market Updates
  • Posts
  • 🚀 The Bitcoin ETF Hype is over. Boomers are not biting what it means for Bitcoin.

🚀 The Bitcoin ETF Hype is over. Boomers are not biting what it means for Bitcoin.

👇 1-11) It is apparent after two weeks of Bitcoin ETF trading. Institutional investors (and the so-called Boomers) are not biting. Registered Investment Advisors (RIA) have yet to be ready to sell this product. Inflows disappoint, and trading volumes are falling off a cliff.

👇 2-11) End-user demand must be low. Otherwise, we would see a robust two-way market – matching buyers with sellers. The much anticipated BlackRock iShares ETF registered $574m in volume on its first day, with the asset manager reportedly having initially lined up $2bn in capital for its ETF.

Exhibit 1: Bitcoin ETF trading volume by issuer - the trend is lower.

Subscribe to Premium Membership to read the rest.

Become a paying subscriber of Premium Membership to get access to this post and other subscriber-only content.

Already a paying subscriber? Sign In

A subscription gets you:
Receive concise, unrivalled informative crypto trading strategy reports (2-4x per week).
In just 10 paragraphs, unraveling the complexities and market structure of crypto and its dynamic landscape.
Insights into the intersection of crypto, regulations, macroeconomic trends, and policy shifts.
Apply to join subscriber ONLY Telegram Group. (Please read our Terms and Conditions and Disclaimer @ www.10xResearch.co))