21Shares Executive: Bitcoin may hit $100k this year, institutions are accelerating their entry

Golden Finance reports that on April 30th, Adrian Fritz, Chief Investment Officer of 21Shares, stated that the spot Bitcoin ETF continues to attract capital inflows, reinforcing Bitcoin’s core position in institutional asset allocation, even though the price remains volatile below $80k. Adrian Fritz pointed out that since the beginning of this year, Bitcoin ETFs have absorbed nearly $2 billion in funds, sourced from retail investors, institutions, and hedge fund arbitrage and options trading strategies. As traditional asset management firms like Morgan Stanley accelerate their deployment, crypto assets are being more broadly incorporated into multi-asset portfolios. Bitcoin’s current daily trading volume has exceeded $50 billion, with liquidity levels approaching those of large tech stocks like Nvidia. The ETF mechanism provides liquidity in both primary and secondary markets, gradually giving it the attributes of an “institutional-grade asset.”
Although the market is still constrained by macroeconomic and interest rate environments, Adrian Fritz believes that ETF capital inflows have shifted from speculative to structural demand, and expects that, driven by improved geopolitical conditions, sustained capital inflows, and short covering, Bitcoin may challenge the $100k mark within the year. Meanwhile, the divergence among altcoins is intensifying, and the market is shifting toward asset selection logic that emphasizes fundamentals and cash flow.