Institutional capital is not here to 'adopt', it's here to arbitrage.


US spot Bitcoin ETFs recorded $462 million in net inflows on Wednesday, extending a three-day streak to $1.1 billion.
BlackRock's IBIT led with $307 million.
Annual inflows are now positive, reversing $3.8 billion in previous outflows, while Bitcoin briefly surpassed $73,000.
Massive inflows are not a vote of blind confidence; they are a sign that Wall Street has found a way to monetize volatility.
The market is becoming more efficient for them, not for retail investors.
BTC-2,17%
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