Slowdown in bitcoin ETF inflows is a short-term pause and not the beginning of a negative trend, broker Bernstein wrote in a research report on Monday. “There is a natural gestation time to bitcoin becoming an acceptable portfolio allocation recommendation and the platforms establishing the compliance framework to sell bitcoin ETF products,” analysts Gautam Chhugani and Mahika Sapra wrote. The broker added that there is no clear momentum up or down in bitcoin, which has been largely range-bound since the halving. Bernstein’s expectation is that BTC hits a cycle high of $150,000 by 2025, owing to “unprecedented ETF demand inflows.”
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