Bitcoin ETFs are 'orange FOMO poker chips' that siphon on-chain funds back into TradFi

Bitcoin’s goal of creating a decentralized financial system may be challenged by ETFs “dragging money back into the TradFi world,” according to the macro researcher.

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  • bitcoinBitcoin(BTC)$122,180.003.71%
  • ethereumEthereum(ETH)$3,030.392.60%
  • rippleXRP(XRP)$2.904.34%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$697.371.23%
  • solanaSolana(SOL)$165.832.58%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2059934.05%
  • tronTRON(TRX)$0.3029910.79%
  • staked-etherLido Staked Ether(STETH)$3,028.492.57%