The chief investment officer explained:
He continued:
“That said, if there is one thing this pullback has taught us, it’s that ETF investors are not in charge. Crypto-native investors still dominate the market.”
FAQ ⏰ What is adviser sentiment toward crypto after the recent pullback? Financial advisers remain generally bullish and view the pullback as an opportunity rather than a reason to exit. Who does Matt Hougan say dominates the crypto market? Hougan says crypto-native investors still dominate market behavior and price formation. How do ETF investors differ from crypto-native investors? ETF investors react more to short-term moves, while crypto-native investors operate with longer-term conviction. Why are ETF flows less influential than expected? Long-term holders and HODLrs exert greater influence over liquidity and volatility than incremental ETF demand.
