From Cointelegraph

April 25, 2025 6:00 am:

The Bitcoin market is evolving as institutional investors shift towards ETFs, structured products, and wrapped exposure. Inflows to Bitcoin ETFs hit a record $912 million, marking a return to bullish sentiment. This strategic redistribution of investor positioning is reshaping the market, with a focus on access mechanisms and narratives.

Since the approval of spot Bitcoin ETFs in 2024, over a dozen products have emerged, with total net inflows of $2.57 billion in 2025. ETF capital flows are reactive to macroeconomic headlines, reflecting a new structural rhythm in the market. Institutional interest remains robust but volatile, dependent on external signals for direction.

The rise of Bitcoin ETFs may be limiting altcoin speculation, with the absence of a classic altseason in 2025. Capital is now flowing into structured products like IBIT, crowding out retail-driven altseasons. The concentration of capital in ETFs provides stability but suppresses the chaos that has historically driven crypto markets.

Ether and Solana ETF proposals may institutionalize altseasons, shifting focus from meme rotations to ETF pair trades. Inflation concerns are driving inflows into Bitcoin ETFs, mirroring gold’s ETF boom post-2008. Bitcoin remains speculative but less wild, trading on belief and compliance in a more calculated and stable market environment.

Read more at Cointelegraph: The sentiment engine of Bitcoin ETFs is rewiring market structure