Bernstein: Bitcoin ETF inflows are expected to accelerate again in Q3/Q4

Odaily Odaily News: According to a report released by the analysis agency Bernstein, the participation share of institutions in the spot Bitcoin ETF is only 22%, and the increase in the liquidity of CME Bitcoin futures contracts after the launch of the ETF is evidence of underlying trading. What the short sellers ignore is that the Bitcoin ETF is about to be approved on major securities companies and large private bank platforms in the third or fourth quarter of this year. Although the US spot Bitcoin ETF has now experienced four consecutive days of net outflows, totaling US$714.4 million, and another US$154.4 million outflow on Tuesday, Bernstein analysts expect net inflows to accelerate again. Analysts wrote: We expect inflows into Bitcoin ETFs to accelerate again in the third/fourth quarter, and the current turbulent market is providing new entry points, after which institutional demand will usher in the next round of recovery. (Theblock)