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The recent slowdown in bitcoin BTC/USD exchange-traded fund (ETF) inflows is a temporary pause, not a negative trend, according to a report by broker Bernstein.
What Happened: Bernstein’s research report suggests that the current slowdown in bitcoin ETF inflows is merely a short-term pause before these funds become more integrated with private bank platforms, wealth advisors, and additional brokerage platforms, CoinDesk reported on Monday. The report notes that the world’s largest cryptocurrency has been range-bound in terms of price, with no clear momentum on either side following the halving.
The report, penned by analysts Gautam Chhugani and Mahika Sapra, states, “There is a…
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