Institutional Conviction: Unhedged BTC ETF Flows Signal Macro Asset Rise

A growing body of evidence suggests that Bitcoin is shedding its speculative skin and taking root as a legitimate macroeconomic asset. Data from Avenir Group and on-chain analytics platform Glassnode indicates that a substantial share of inflows into U.S. spot Bitcoin ETFs are not hedged, revealing a high-conviction, long-only approach by institut...