ETFs gave Bitcoin a badge of legitimacy, but not much stability. The price still moves like it’s on caffeine, way wilder than gold, stocks, or bonds. For institutions built around predictable returns and risk models, that kind of chaos doesn’t fly. A 10% swing in a single day might thrill traders on Twitter, but it keeps fund managers far away. Even with all the new on-ramps and custody solutions, volatility remains the one thing that reminds everyone this market still has its wild streak.
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