Bloomberg ETF analyst James Seyffart appeared on the New Era Finance podcast and said, "Wall Street is quietly accumulating Bitcoin (BTC)." He added, "The first quarter of this year was the most successful quarter in cryptocurrency history. Although the BTC price trend was sluggish, the sale of spot BTC ETFs to asset managers showed strong demand. Since the launch of ETFs, strategies have continuously bought BTC, while individual investors are selling. This means that market leadership is shifting to institutions. Unlike other assets, the cryptocurrency market first grew centered on individual investors, and now institutions are beginning to dominate the market. The 4-year cycle may no longer be very meaningful, and the BTC upward structure will continue as long as overall market confidence is maintained."
