Passive money is eating stocks and Bitcoin may be next to get a huge liquidity injection

The article argues passive investing has reshaped equity markets—stocks with rising passive ownership returned as much as 224.8% over three years while those losing passive share fell 41.4%—and warns Bitcoin may be entering a similar regime via spot-ETF plumbing. U.S. spot Bitcoin ETFs have drawn sizable institutional flows (cumulative ~ $58.4B), with BlackRock’s IBIT dominating net assets (~ $61.9B) and cumulative flows (~ $65.37B) while GBTC has seen ~ $26.26B of outflows. The ETF wrapper can create a persistent, price-insensitive bid that compounds in a friendly macro (soft inflation, steady yields) or act as an efficient sell mechanism if inflation surprises and yields rise. The piece lays out a bull range for BTC of $88k–$105k and a bear range of $60k–$72k, tying Bitcoin’s next leg to Fed-sensitive data and ongoing institutional allocation math.