As reported by HashNews, Galaxy's research head Alex Thorn noted that while Bitcoin needs a closing price above $93,389 by year-end 2025 to achieve returns, investor sentiment remains subdued. Despite this, some portfolio managers may reconsider Bitcoin in January 2026. Bitcoin has seen several positive developments, which appear to be becoming the new normal. Although year-end performance has been lackluster, US Bitcoin ETPs have remained stable, with inflows declining only 9% from the $620 billion high in October, indicating the asset class's maturation. Galaxy suggests that Bitcoin emulating gold as a monetary hedge is likely, potentially driven by major asset allocators and central banks.
US Bitcoin ETPs Remain Stable Amid Mixed Investor Sentiment
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Summary
Market sentiment toward Bitcoin remains cautious as the year-end approaches, with the price needing to close above $93,389 to meet return targets. Despite this, US Bitcoin ETPs have held steady, with inflows dropping just 9% from their October peak of $620 billion. A better risk-to-reward ratio may encourage portfolio managers to revisit Bitcoin in early 2026. Galaxy notes that Bitcoin’s role as a monetary hedge, similar to gold, is gaining traction among major asset allocators and central banks.
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