Bitcoin ETF Slowdown Is a Short-Term Pause Not the Beginning of a Negative Trend: Bernstein
Bitcoin exchange-traded fund (ETF) inflows are experiencing a temporary slowdown, not a worrying trend, according to a research report by broker Bernstein. The report suggests that this pause will precede further integration of ETFs with private bank platforms, wealth advisors, and brokerage platforms. The report also notes that Bitcoin has been range-bound in terms of price, with no clear momentum following the halving. Bernstein maintains its expectation of a Bitcoin cycle high of $150,000 by 2025, as the unprecedented ETF demand inflows have reinforced their conviction. The Bitcoin mining cycle remains healthy post-halving, with leading players continuing to consolidate market shares. Bitcoin network fees have normalized at 10% of miners' revenues after spiking post-halving.
