Bernstein: Institutional demand for BTC will rebound in Q3/Q4, and the current turbulent market is a new entry point

ChainCatcher news, an analysis by Bernstein shows that the firm's analysts unanimously believe that the recent 13F filings indicate that institutional participation in spot Bitcoin ETFs is only 22%, while the increase in liquidity of CME Bitcoin futures contracts after the ETF launch is evidence of underlying trading. What the bears overlook is that Bitcoin ETFs are "about to be approved" on major brokerage and large private banking platforms in the third or fourth quarter of this year.

Despite the fact that U.S. spot Bitcoin ETFs have seen net outflows for four consecutive days, totaling $714.4 million, with another $154.4 million outflow on Tuesday, Bernstein analysts expect net inflows to accelerate again.

The analysts wrote: "We expect inflows into Bitcoin ETFs to accelerate again in Q3/Q4, as the current turbulent market is providing new entry points, after which institutional demand will welcome the next round of recovery."