Bitcoin futures etf market strategists point to the Bitcoin

Market strategists point to the Bitcoin futures ETF’s correlation with gold miners this quarter, as investors blend crypto and commodities exposure in multi-asset portfolios for inflation hedging. Analysts at JPMorgan recently raised their end-of-year bitcoin price target to $165,000, arguing that bitcoin will continue to catch up to gold’s price run this year as investors play the dollar “debasement trade.” The launch of spot price cryptocurrency ETFs is a major milestone for this growing asset class . Greater inflows from institutions and enhanced regulatory clarity both have the potential to increase liquidity in the crypto markets. Bitcoin futures ETF premiums narrowed to 0.6% above NAV, suggesting market makers are actively arbitraging inefficiencies and stabilizing fund performance relative to underlying futures exposure.