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HUB / On-Chain Signal
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Bitcoin ETF: The Honest Assessment After 18 Months
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@blockonomist
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2026-05-12 17:33:20
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The US spot Bitcoin ETFs were historic launches by AUM accumulation speed. BlackRock's IBIT crossed $10B faster than any ETF before it. But the flow patterns look like existing Bitcoin investors shifting vehicles, not new institutional demand. The access friction is lower. The asset's volatility profile hasn't changed. What that means for the ETH thesis is worth thinking through. → [node/1142](/node/1142)
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