Because TradFi cares about Bitcoin, clearly. Not to be confused or conflated with the alternative scenario. Bitcoin has quite clearly demonstrated today with a -5% drop post-launch: it doesn't care for TradFi.


Exactly. It's currently a drop in the ocean. As predicted by much of the media, it's barely relevant, much like when Bitcoin Futures initially launched. The interest was almost non-existent.

For reference inflows were never expected to be that high initially, regardless of current price being high or low. Asset managers and institutions were always going to sit on the sidelines and engage in a more "wait and see" approach, as a form of basic risk management rather than FOMO into such an offering, such as waiting for price stability over a period of months.


This I don't doubt, but until it does, I wouldn't describe Bitcoin as TradFi, only aspiring to be as such. There is still a long way to go, these concepts don't happen overnight or with a flick of a "ETF" switch.