Bloomberg ETF Analyst Questions Why Bitcoin Price Lags Despite Institutional ETF Demand

According to an analysis discussing spot Bitcoin ETFs, the current ETF structure and the role of Authorized Participants may be muting the asset's price reaction despite institutional interest. Large financial institutions can hedge with futures and use OTC sourcing, which eases supply shocks and smooths price discovery instead of driving sharp rallies. As a result, Bitcoin's market behavior appears more stable but still cautious, with buyers trying to hold key support zones without clear renewed upward momentum.