Bitcoin ETF sell-off is ‘purification’ of bull case, investor says

CoinTelegraph

by William Suberg

February 24, 2026

AI-Generated Deep Dive Summary

Bitcoin ETF investors have experienced consistent outflows this year, yet Eric Jackson of EMJ Capital suggests that this period may be part of a "purification" process. He argues that while short-term traders and speculative investors are exiting, a new wave of long-term institutional buyers could emerge, reshaping the market dynamics for Bitcoin (BTC). This shift is driven by the growing role of ETFs and institutional involvement in crypto, which Jackson describes as positioning Bitcoin as a "high-beta tech investment." The sustained outflows from Bitcoin ETFs reflect a broader trend among speculative investors exiting the market. However, Jackson highlights that this is not just a short-term phenomenon but part of a larger structural change. He believes that as more institutions allocate capital to Bitcoin through ETFs, they are likely to hold these positions for decades, contributing to long-term price stability and growth. This new institutional buyer base could act as a stabilizing force in the market, reducing volatility and attracting further investment. For crypto enthusiasts and investors, this dynamic is significant because it suggests that Bitcoin's future may lie more in the hands of serious, long-term institutional players rather than speculative traders. The entry of such buyers could pave the way for greater adoption within traditional financial systems and mainstream investing. This evolution might

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Originally published on CoinTelegraph on 2/24/2026