Bitcoin ETFs were supposed to make selloffs less painful. That theory is being put to the test.

Crypto investors were expecting institutional adoption and a more crypto-friendly administration to help the largest cryptocurrency avoid prior painful market cycles, suggesting continued uncertainty rather than resolution. With no reported catalysts, flows, or outcomes, the tone remains cautiously negative.

Analysis

Crypto investors were expecting institutional adoption and a more crypto-friendly administration to help the largest cryptocurrency avoid prior painful market cycles, suggesting continued uncertainty rather than resolution. With no reported catalysts, flows, or outcomes, the tone remains cautiously negative.