Bitcoin ETF Boom Dey Hide Financial NFT Trap
Big big institutions like Citigroup and BlackRock don put billions inside spot Bitcoin ETFs, lock 6.2% of di circulating BTC and 7.85% of ETH inside regulated vaults dem. Dis institutional Bitcoin ETF surge dey effectively turn native cryptocurrencies into “financial NFTs,” dem dey trade under SEC rules with limited utility and high systemic risk. Di market value driver don shift from on-chain activity to macro narratives. If big holders wey dey low frequency start to sell plenty, e fit cause serious market downturn. Ethereum dey face double threat as reserve narratives and application migration dey weaken both im staking-driven scarcity and on-chain utility. Traders suppose prioritize native token ownership and protect their private keys so dem no go get stuck if market collapse happen.
Bearish
Di article dey warn say as institution dem dey put money enter spot Bitcoin ETFs and Ethereum holdings, e dey make supply dey centralized and e con dey turn native tokens to tradable certificate wey resemble financial NFTs. Dis kind structural change dey bring system risk: holders wey hold plenty but dey trade few times fit cause sudden sell-off wey fit shake market stability. History fit show parallel with 2021 NFT bubble, wen illiquid tokens lose majority of their value cos of liquidity crisis. Shifting from on-chain utility to big macro narratives dey increase fragility. Ethereum face compound threats as reserve staking and app migration dey weaken im two main value drivers. Short term, ETF inflows fit keep price momentum, but the risk of coordinated sell-down mean say market fit go bearish. Long-term resilience go depend on decentralized token ownership plus on-chain activity comot again.