Bitcoin is now front-running the Fed rather than reacting to it. ETFs are the cause
Airfind news item
By Francisco Rodrigues
Published on April 5, 2026.
A report by Binance Research suggests that bitcoin may no longer move in step with Federal Reserve policy, due to a structural shift driven by spot exchange-traded funds. The report found that bitcoin's correlation with the Global Easing Breadth Index, which tracks 41 central banks since 2024, has become nearly three times stronger. This shift reflects a shift from retail investors to institutions, with firms positioning months ahead of policy changes. The findings come amid concerns about inflation and potential rate increases.
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