Bitcoin prices have started a new period of low volatility.
We have been through a process similar to the previous vexing period that has been going on for some time.
The shallow, boring moves seen before the big rise remind people of the possibility of a similar reversal. In December 2023, Bitcoin's 1-year volatility was about 43%.
Since then, the spot Bitcoin ETF has been approved in the United States.
Following the inflow of $12.6 billion, the ETF attracted inflows of about $13 billion, but now it has dropped to $11.68 billion.
Robert Mitchnick, head of digital assets at BlackRock, which manages more than $10 trillion in assets, is not worried about the current situation.
In fact, he believes that we will see a large inflow of sovereign wealth funds, pension funds and foundations in the coming period.
So far, BlackRock's predictions have proven to be correct, and it is significant that the world's largest asset management company makes such a prediction. If we can see more big players joining the game as expected, we can look forward to these days.
In order for institutional investors to show more interest in a spot Bitcoin ETF, they need to see at least 6 months of performance.
We have been sharing warnings and assessments on this issue for months, even on the busiest days with the highest trading volumes.
Translating liquidity, price deviations, demand, and other details into bi-quarterly reports will allow investment firms to make decisions for these ETFs. The June and July period is important in this regard.