The real reason Bitcoin ETFs just turned positive isn't crypto news. It's the US Treasury. đïž
Analysts are linking this week's $2.4B Bitcoin ETF inflow to one thing: the Treasury's plan to buy back more long-dated government bonds.
About $5.3B has flowed into Bitcoin ETFs since that announcement.
Why would bond buybacks help $BTC ?
When the government buys back long-term bonds, it eases pressure on long-term yields. Lower yields make holding assets that pay no interest, like Bitcoin, more attractive.
And it isn't only Bitcoin:
$ETH ETFs: +$690M this week
$SOL ETFs: a record $86.7M in a single day
The lesson: crypto increasingly moves on Washington's balance sheet, not just on crypto headlines.
If you only watch the charts, you're watching the effect, not the cause.
#Bitcoin #Ethereum #Macro #ETF
Analysts are linking this week's $2.4B Bitcoin ETF inflow to one thing: the Treasury's plan to buy back more long-dated government bonds.
About $5.3B has flowed into Bitcoin ETFs since that announcement.
Why would bond buybacks help $BTC ?
When the government buys back long-term bonds, it eases pressure on long-term yields. Lower yields make holding assets that pay no interest, like Bitcoin, more attractive.
And it isn't only Bitcoin:
$ETH ETFs: +$690M this week
$SOL ETFs: a record $86.7M in a single day
The lesson: crypto increasingly moves on Washington's balance sheet, not just on crypto headlines.
If you only watch the charts, you're watching the effect, not the cause.
#Bitcoin #Ethereum #Macro #ETF