After swallowing more than three billion dollars in nine days, Bitcoin ETFs suddenly hit the brakes, leaving the king of crypto stuck below $81,000 while Ethereum and Solana quietly keep marching ahead.
For years, the crypto industry has thrived on fundraising and the multiplication of projects. This mechanism now seems to be coming to an end. Capital is now concentrated on a limited number of players, while the most fragile initiatives are gradually disappearing. This redistribution of investments marks a turning point for the Web3 ecosystem. On the social network X, Lorenzo Valente, associate researcher at ARK Invest, believes the sector has entered what he describes as "the largest consolidation phase" in its history.
Ark Invest, led by Cathie Wood, has increased its stakes in crypto-linked companies, including Coinbase and Circle, while revising Bitcoin’s 2030 target to $1.2M.
The ARK 21Shares Bitcoin ETF recorded a massive inflow of $133.1 million on Monday, marking the highest entry ever recorded for a US Bitcoin spot ETF since March. This success erases the disappointments of recent weeks and reflects the renewed interest of investors in these innovative products.
Lately, there's been a lot of interest in the Bitcoin ETF. BlackRock's Bitcoin ETF is particularly attracting the interest of crypto investors. According to one Bloomberg analyst, it could even unlock colossal wealth.