WisdomTree Bitcoin Fund

BTCW

Market cap $143M

I reiterate my buy rating on Bitcoin despite a 49% decline from October 2025 highs. Recent negative catalysts—war, ETF outflows, and corporate selling—have had limited price impact, suggesting market exhaustion. On-chain metrics indicate over half of Bitcoin supply is at unrealized loss, historically signaling a market bottom and buying opportunity.

Bitcoin exchange-traded funds saw a lot of outflows recently. There may be more outflows on the way.

Bitcoin is experiencing a "classic bear market," says @CharlesSchwab 's Jim Ferraioli. as the cryptocurrency continues a 50% fade from all-time highs.

Bitcoin and Ethereum, now fully integrated into the fiat system via ETFs, experienced record outflows driven by institutional deleveraging and ETF redemption mechanisms. The $1.29 billion IBIT block trade and concentrated outflows in BlackRock's IBIT signal internal reallocation and a resilient $58.72 billion institutional inflow base, not structural abandonment. Ethereum's ETHE staking mechanism, with 71% of assets locked, introduces supply compression that will amplify price recovery once ETF creations resume, pending further SEC approvals.

Going to zero would require the developer community, institutional investors, and $1.2 trillion in capital to abandon ship simultaneously. Exchange-traded funds already own roughly 6% of all Bitcoin on the market.

Traders who once bet on crypto have not stopped gambling on the next big market story — they just are not finding that story in crypto itself.

Mike McGlone, a commodity strategist at Bloomberg Intelligence, has flagged ‘a 100-year pump-then-dump risk signal' for US stocks and Bitcoin (BTC).

Anthony Pompliano, ProCap Financial chairman and CEO, joins 'Squawk box' to discuss the state of crypto, what's driving the latest bitcoin price slump, whether more downside is coming, and more.

Bloomberg's Emily Nicolle joins Katie Greifeld and Isabelle Lee on "Bloomberg Crypto." Bitcoin steadied itself after dropping below the key threshold of $60,000, as Strategy Chairman Michael Saylor resumed making purchases of the token.

Bloomberg's Monique Mulima joins Katie Greifeld and Isabelle Lee on "Bloomberg Crypto." Bitcoin's slide this week is adding fresh pressure to one of the most ambitious financial experiments to emerge from the recent crypto boom: publicly traded companies created to accumulate digital assets on behalf of investors.