Bernstein confirmed forecast for BTC growth to $150,000 amid slowing inflows into ETFs
GetBlock Magazine - What happened? Analysts at broker Bernstein called the slowdown in inflows into spot Bitcoin exchange-traded funds (ETFs) a “short-term pause.” In their opinion, such products will soon be more closely integrated with the platforms of private banks, brokers and investment advisers. In this regard, experts left in force their previously repeatedly announced forecast that the BTC rate would reach $150,000 by the end of 2025.
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What else is known? Inflows into spot Bitcoin ETFs, launched in the US on January 11, have slowed significantly since hitting a daily record of $1.05 billion on March 12. Two days later, the first cryptocurrency updated its historical record above $73,500.
Analysts say it will take time for investment advisers to accept the idea of investing in Bitcoin funds and for platforms to establish regulatory frameworks for selling such products.
Media previously reported that Morgan Stanley (NYSE:MS) may allow its 15,000 brokers to recommend clients buy units of spot BTC-ETFs.
According to Farside, since March 15, inflows into spot BTC-ETFs remained in a narrow range around $12 billion for a long time, after which they began a gradual decline. Analyst Ali Martinez, citing data from the Santiment platform, also notes that the activity of large Bitcoin holders has been declining since mid-March.