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Bitcoin Cointelegraph

Bitcoin ETFs are ‘orange FOMO poker chips’ that siphon on-chain funds back into TradFi

Bitcoin’s goal of creating a decentralized financial system may be challenged by ETFs “dragging money back into the TradFi world,” according to a macro researcher.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Bitcoin ETFs are ‘orange FOMO poker chips’ that siphon on-chain funds back into TradFi

Bitcoin’s goal of creating a decentralized financial system may be challenged by ETFs “dragging money back into the TradFi world,” according to a macro researcher.

Why this matters

This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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