Has the recent Halving really been perfect?

lupafilotaxia (74)in Project HOPE • 12 days ago

We are a little over a day into the Bitcoin Halving and the price action remains in an accumulation range between the $64,000 and $65,000 zone, and questions are being raised as to whether the recent Halving has really been perfect, given that in previous Halvings we did not have ETFs.

It has been mentioned that the recent culminated Bitcoin Halving has been full of memes, mostly of a derogatory nature, however, thea BTC price action may be firmly sideways this Halving, but its timing is giving some a sense that it was all meant to be.

In this regard, "Bitcoin ETFs have experienced a marked slowdown in inflows since peaking in March. Despite this, BlackRock's iShares Bitcoin Trust (IBIT), the largest ETF by assets under management, has yet to record a single day of outflows."

The truth is that the performance of Bitcoin ETFs divides opinion, this considering that, "Recent Form 13F filings have raised concerns that Bitcoin ETFs have failed to catch on with the majority of the population."

It is worth mentioning that, "Discussing the first quarter allocation data, Jim Bianco, creator of macro research firm Biacno Research, described it as a "disappointment". "Unrealized gains are shrinking fast," he added in an X thread on ETF investor returns versus the current BTC price action.