All the money has run into ETFs! Bitcoin is no longer a casino for retail investors!
Recently, the capital flow has completely changed—previously, retail investors' passionate money was speculating on altcoins, but now it has all surged into Bitcoin ETFs! On April 23rd, a record $912 million was pumped into ETFs in a single day, which is not a warming trend at all. It's clearly institutional funds hoarding coins like crazy!
Analyst Eric Balchunas revealed: leveraged long ETFs and safe-haven assets like gold and cash are being simultaneously scooped up, indicating that large investors are using Bitcoin as a risk hedging tool. Was Bitcoin previously 'digital gold' or a 'speculation casino'? Now institutions are voting with real money: it is both a safe-haven asset and a risk asset, but it is definitely not a cash machine for retail investors!
ETFs have completely rewritten the game in the crypto world: by 2025, there will be an overwhelming number of Bitcoin ETF products, from BlackRock's IBIT to leveraged tools. Funds are no longer simply chasing highs and lows but are focused on macroeconomic signals and pulse-like liquidity. This year, net inflows into ETFs reached $2.57 billion, but there were only 37 profitable days out of 81 trading days, averaging just $31.8 million per day—institutional interest is strong, but their sentiment is harder to read than a woman's heart!
The most critical issue is: altcoins have been completely drained! Previously, after Bitcoin's rise, altcoins would rotate, but now all funds are stuck at the ETF entrance. BlackRock's IBIT is attracting massive amounts of capital, while Solana NFTs are going unnoticed. Do sovereign funds buy Bitcoin ETFs? They don't even know what MetaMask is!
As soon as the CPI data exceeded expectations, ETFs immediately attracted $200 million, and inflation anxiety directly turned into passive coin hoarding. This is completely different from the market dominated by leveraged financing in 2021—now Bitcoin is a compliant asset, not casino chips!