I sell down in Q1 and it rebounds in Q2—ETF and corporate treasury are both driving, and I believe the script to break into the top ten by 2026.

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Spot Bitcoin ETFs continue to attract funds, and Bitcoin is expected to re-enter the top ten global assets.
In April, spot Bitcoin ETF net inflows were approximately $2.14B, with institutional funds continuing to pour in. BlackRock's iShares Bitcoin Trust has a net asset value of nearly $64 billion, holding 815,061 BTC, with a total market value of about $64 billion. As of May 13, Bitcoin's total market capitalization was approximately $1.611 trillion, up about 13% from April, stabilizing after Q1 retracement. Analysts say ETF funds and corporate treasury allocations are reshaping pricing; if the current pace continues, by Q2 2026, Bitcoin could re-enter the top ten global assets.
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