• 10x Market Update
  • Posts
  • 🚀 The Bitcoin ETF Hype is over. Boomers are not biting what it means for Bitcoin.

🚀 The Bitcoin ETF Hype is over. Boomers are not biting what it means for Bitcoin.

Author

10x Research
January 26, 2024

👇 1-11) It is apparent after two weeks of Bitcoin ETF trading. Institutional investors (and the so-called Boomers) are not biting. Registered Investment Advisors (RIA) have yet to be ready to sell this product. Inflows disappoint, and trading volumes are falling off a cliff.

👇 2-11) End-user demand must be low. Otherwise, we would see a robust two-way market – matching buyers with sellers. The much anticipated BlackRock iShares ETF registered $574m in volume on its first day, with the asset manager reportedly having initially lined up $2bn in capital for its ETF.

Exhibit 1: Bitcoin ETF trading volume by issuer - the trend is lower.

Market Updates

Become a paying subscriber of Market Updates to get access to this post and other subscriber-only content.

Already a paying subscriber? Sign In.

Important Trading alerts and risk factor analysis.:

  • • Actionable market analysis that saves you hours.
  • • Covers on-chain data, macro trends, market structure, flows, catalysts, and more.
  • • Focused on Bitcoin and top crypto assets.
  • • Get 2–5 Reports per Week. Know More. Doubt Less.
  • • Turning market insights into confident action.