ETFs Didn’t Fail — Expectations Did

[chainsniff]

ETF inflows were real throughout 2025, pulling billions of dollars into Bitcoin and steadily absorbing supply. What they didn’t do was spark runaway price action. Unlike retail speculation, ETF demand tends to be methodical, long-term, and less reactive to short-term price moves.

This shift changed the game. ETFs supported Bitcoin’s floor rather than launching it into the stratosphere. The lesson from 2025 is clear: adoption alone doesn’t guarantee explosive upside if broader liquidity conditions and leverage dynamics don’t align.

[etfs]

etfs feel more like shock absorbers than rocket fuel