The world's second-largest asset management company ($11 trillion) has opened access to crypto ETFs, finally unlocking this pool of funds. Many are cheering, saying "the institutional bull market has arrived." But I see a different story.
Institutional entry does not mean retail investors will profit.
Over the past year, institutions have purchased over one million BTC through ETFs. And what was the result?
Retail investors got liquidated—390,000 accounts were wiped out, with $640 million swept away. Retail sold at a loss, and short-term holders lost 2.8 million BTC.
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The world's second-largest asset management company ($11 trillion) has opened access to crypto ETFs, finally unlocking this pool of funds. Many are cheering, saying "the institutional bull market has arrived." But I see a different story.
Institutional entry does not mean retail investors will profit.
Over the past year, institutions have purchased over one million BTC through ETFs. And what was the result?
Retail investors got liquidated—390,000 accounts were wiped out, with $640 million swept away. Retail sold at a loss, and short-term holders lost 2.8 million BTC.