BTC Spot ETF Demand Proves Bitcoin Is A Macro Asset - adtechsolutions

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BTC Spot ETF Demand Proves Bitcoin Is A Macro Asset


Key with you:

  • The Avenir and Glassnode data data conclude that a significant part of the BTC ETF is an unlimited, long -term position, which shows more of a real institutional belief than relying on a short -term arbitration strategy.

  • The BTC continues to behave as a traditional macro asset with strong correlations with shares, gold and liquidity cycles, while indirectly monitors the dollar loans and high -yields.

A new study shows that a significant part of the bitcoin spot (BTC) The ETF is not driven by arbitration or secured futures strategies, but long -term, unlimited demand in traditional markets and is only one layer of ongoing deep transformation.

AND Cooperation Report Glassnode and the Avenir Group mentioned that while the launch of US Spot Bitcoin ETF meant a milestone for the crypto market, the questions remained, whether the influx of capital was authentic or only the result of basic stores that use the price differences between futures CME and spot markets.

Cryptocurrencies, dollar, price of bitcoins, markets, bitcoin etf
Unredged demand for Bitcoin shoe ETF. Source: Grassnode/ Avenir Group

It was assumed that all short positions in Bitcoin Futures CME from asset managers, retailers and Hedge funds are perfectly secured by ETF Holdings. A new framework was developed to resolve this question.

Avenir researcher Helena Lam and Glassnode Ukuriaoc and Cryptovizart have reported that despite their strict model that filters out arbitration activity, data reveals a strong correlation between unlimited demand and Spot Bitcoin ETF tide. This shows that most of the capital entering the ETF reflects the actual directional exposure, suggesting that institutional investors do not only investigate the market, but undertake to believe.

Analysts said the steady increase in the SPOT ETF Holdings signals the structural change of the Bitcoin market profile. Bitcoin is increasingly considered an institutional asset. This shift brings more stable capital, improved liquidity and symptoms of maturation.

Related: Bitcoin hashrate down ~ 15% from June 15, steepest drop in 3 years

The Bitcoin Identity Crisis has ended

In addition to the point flows of the ETF study, it noted that bitcoin is increasingly behaving as a macro asset, while its performance is now closely bound to wider financial conditions. The data show that growing positive correlations with traditional risk assets such as the S&P 500, NASDAQ and GOLD, while indirectly monitor the US dollar index and credit stress indicators such as a range of high yields.

Cryptocurrencies, dollar, price of bitcoins, markets, bitcoin etf
Correlation of bitcoins with assets and macro indicators. Source: Grassnode/Avenir Group

Its sensitivity to the global liquidity index (GLI) further emphasizes this shift as a bitcoin assembly during expansion of liquidity and commitment when financial conditions are tightened.

Support for this developing trend, André Drogosch, research leader at BitWise Europe, highlighted Connection between global money supply and bitcoin price.

While he warned against using global liquidity measures for short -term predictions, the analyst noted that “statistical evidence suggests a long -term relationship”, estimating that every 1 trillion price increased by a $ 1 trillion price.

Related: Crypto Rinture Anthony Pompliana buys $ 386 million in Bitcoin

This article does not contain investment counseling or recommendations. Every investment and business step includes a risk and readers should do their own research in decision -making.