比特幣四年減半週期沒死：ETF 正在改寫節奏

Analysts remain divided on whether Bitcoin's typical four-year cycle has ended in 2025, with institutional exchange-traded funds and regulatory shifts cited as key factors in the ongoing debate. The four-year cycle is tied to Bitcoin halving events, which c...

The BitcoinBTC-- market of 2026 is no longer the same beast it was in 2020 or 2016. The traditional four-year halving narrative-once a cornerstone of crypto investing-has been upended by a confluence of institutional adoption, macroeconomic tailwinds, and r...

Dual driver cycle (halving + institutional ETFs + treasury adoption narrative) supports long-term price floor expansion with macro liquidity sensitivity. ... MiCA rollout in EU, US ETF expansion, and stablecoin frameworks become the biggest capital rotation...

BTC Institutional flows have replaced halving as the dominant price driver - here's what that means. ... - The halving cycle is dead. ETFs now move 12x daily mining supply, making institutional flows the marginal price driver - not miner selling. ... In 202...

- Bitcoin ETFs attracted $35.2B in net inflows during 2024 and now hold $123.5B in total assets. - Morgan Stanley filed for spot Bitcoin and Solana ETFs on January 6. It became the first major U.S. bank to seek its own spot Bitcoin ETF. - BlackRock’s IBIT h...

BlackRock's Bitcoin ETF received around 15 billion dollars' worth of investment inflow since January 2024, whereas Grayscale lost 16 billion. This is according to a day-to-day investment flow timeline involving 10 of the 11 Bitcoin ETFs that got approved by...

BlackRock and Fidelity’s spot Bitcoin exchange-traded funds (ETFs) have accounted for a significant share of the issuers’ total ETF inflows this year. The Bitcoin ETFs amount to 26% and 56% in year-to-date inflows for BlackRock and Fidelity respectively, ac...

BlackRock’s spot Bitcoin ETF has clocked more than $37 billion in net inflows during 2024, outpacing rivals including Fidelity, which pulled nearly $12 billion. Fidelity Ethereum Fund (FETH) again notched second place, with $1.5 billion in net inflows. “Fid...

U.S. spot Bitcoin exchange-traded funds drew in nearly 67% of over $31.77 billion in inflows recorded by all crypto ETFs in 2025, with most of it flowing into BlackRock’s flagship BTC fund, IBIT. Summary - Crypto ETFs drew in nearly $32 billion from investo...

The year-end setup for crypto assets remains skewed positively, according to a fourth-quarter 2025 report from Coinbase Institutional. ... The team characterizes its stance as cautious but biased higher after an October 10 market shakeout. Coinbase links th...

Institutional investors are reshaping Bitcoin market structure as liquidity, ETFs, stablecoins, and tokenized assets redefine how capital moves across digital markets. In a market shaken by recent drawdowns and macro pressure, a new collaborative report fro...

Our constructive outlook for crypto markets in 2H25 is driven by several key factors, including a more optimistic perspective on US economic growth, potential Federal Reserve rate cuts, increased crypto adoption by corporate treasuries and progress with res...

The third quarter of 2025 marks a clear pivot in digital asset markets. Risk sentiment is rebounding, regulatory clarity is improving, and capital is flowing back into high-conviction assets. With Bitcoin reaching fresh all-time highs and stablecoin activit...

As we enter the second quarter of 2025, crypto markets are undergoing a significant reset. Investor sentiment has turned defensive amid rising macro uncertainty, with capital consolidating into high-conviction assets like Bitcoin. While altcoin markets face...