Bitwise Bitcoin ETF: Bull Market Still Running On One Engine

Description

Summary Institutional flows via spot Bitcoin ETFs are driving the current Bitcoin market rally, with BITB and others seeing sustained inflows despite recent price consolidation. Retail participation remains muted, as seen in declining spot exchange volumes and high Bitcoin dominance, suggesting we’re still early in the bull cycle. BITB offers asymmetric upside, providing direct exposure to Bitcoin’s spot price with institutional tailwinds now and retail momentum still to come. It's been ~18 mont...