Spot Bitcoin ETFs Quietly Changed Who Sets the Price
The flows tell a different story than the charts. A year in, the marginal buyer of bitcoin looks nothing like the one most analysis still assumes.
№ 002MarketsBitcoin ETF Outflows Erase Trump-Era Gains
U.S. spot bitcoin ETF assets have slid to $77.6B, the lowest since November 2024, even as crypto regulation turned friendlier. Here's what's draining the money.