-
Bitcoin ETFs face gold-style boom-bust cycle, Bloomberg analyst says
As reported by The Block, citing Bloomberg, Senior ETF Analyst Eric Balchunas says bitcoin exchange-traded funds may be tracing a pattern similar to gold ETFs, with rapid gains followed by declines and long periods of stagnation. He argues that both products package non-yielding stores of value that generate no cash flow, leaving prices and fund demand heavily driven by sentiment rather than earnings, bond coupons or government backing. Balchunas says the constrained supply of both bitcoin and gold can amplify demand and trigger sharp price rallies, but that demand tends to arrive in waves instead of building ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From fxstreet.com | 17 hr ago
Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war. With risk-loving investors increasingly looking at AI-related stocks and with no visible catalysts ahead, Bitcoin enters the second half of the year facing a crucial question: can it ...
Japan’s Prime Minister Takaichi says the government will promote investment in domestic financial assets, including by households and pension funds like GPIF. TAKAICHI: ENCOURAGING GPIF INVESTMENT IN JAPAN ASSETS IS KEY TAKAICHI: GPIF INVESTING IN DOMESTIC ASSETS WOULD HELP ECONOMY
From fxstreet.com | 8 hr ago
Strategy's Bitcoin (BTC) buying halt represents a shift away from relying solely on capital issuance toward a more active approach to liquidity management, according to a CryptoQuant report on Thursday. The firm noted that Strategy's Digital Credit Capital Framework directly addressed concerns about the company's cash reserves. The Bitcoin treasury firm ...
