Bitcoin’s Wild Price Swings Point to the Rising Influence of ETF Buyers‍
‍Bloomberg - May 3, 2024

‍“What this week has taught us is that Bitcoin at all-time-high and the new development of Bitcoin ETFs basically open Wall Street’s participation into the Bitcoin market in a way we’ve never seen before,” said Stéphane Ouellette, chief executive officer of FRNT Financial. “Before, there weren’t any obvious correlations with other asset classes, and it was very obvious that this week, particularly on the Tuesday night sell-off ahead of the Fed that Bitcoin was trading in line with other risk assets.”

Bitcoin’s Wild Price Swings Point to the Rising Influence of ETF Buyers‍
‍Coindesk - April 22, 2024

“Bitcoin, in this bull market is still very much in a positive spot/vol correlation regime. With the potential parabolic moves to the upside, BTC vol picks up as price starts to rally and softens as we sell off,” David Brickell, head of international distribution at Toronto-based crypto platform FRNT Financial, said.“Tradfi risk skew is still very much to the downside as the sell offs are typically sharper than the slower grinding rallies,” Brickell added.

Trump Mugshot NFTs Highlight Crypto’s Arrival on Campaign Trail
‍‍Bloomberg - May 16, 2024

Still, the skepticism toward crypto’s influence on the ballot box is far from universal among watchers of both politics and the market. Campaign dollars spent by PACs will continue to make crypto a part of the conversation, according to Strahinja Savic, head of data and analytics at FRNT Financial.“We’re only going to see more crypto in this U.S. election cycle, not less,” said Savic.