• Bitcoin ETF sell-off is ‘purification’ of bull case, investor says Bitcoin ETF investors have recorded sustained outflows this year, but EMJ Capital’s Eric Jackson argues a longer-term institutional buyer base could emerge. • Cointelegraph in your social feed Bitcoin (BTC) will see “purification” as a new wave of institutional money stays long BTC for decades, says EMJ Capital founder Eric Jackson. • Key points: BTC has become a “high-beta tech position,” thanks to ETFs and institutional involvement. • BTC has become a “high-beta tech position,” thanks to ETFs and institutional involvement. • Bitcoin ETF sellers will give way to longer-term institutional buyers, analysis predicts. • Bitcoin ETF sellers will give way to longer-term institutional buyers, analysis predicts.

Article Summaries:

  • Eric Jackson, founder of EMJ Capital, argues that the recent net outflows from U.S. spot Bitcoin ETFs signal a “purification” of the asset’s bull case rather than a failure. He notes that Bitcoin has become a high‑beta tech position, moving in lockstep with tech‑sector ETFs like BlackRock’s IGV, and that current ETF sellers are “marginal buyers.” Jackson predicts that institutional capital will shift to longer‑duration holders-sovereign funds, corporate treasuries, and pensions-replacing short‑term ETF investors. He also stresses that a rebound in stablecoin supply could trigger a bullish turn, while the current bearish trend is driven by the ongoing ETF sell‑off.

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