Bitcoin’s High-Beta Proxy Sector Underperforms as BTC Price Surges in 2025
While Bitcoin charges toward new highs, its volatile cousins—miners, altcoins, and leveraged ETFs—are dragging behind. What gives?
High-beta plays usually ride BTC’s coattails. Not this time. The usual suspects—public miners, speculative alts, and crypto-adjacent tech stocks—are stuck in first gear while the king coin leaves them in the dust.
Some blame overleveraged traders. Others point to institutional investors bypassing proxies for the real deal. Either way, it’s a rare divergence in a market where ’rising tides lift all boats’ has been gospel.
Funny how the ’smart money’ still chases 100x leverage while institutions quietly stack BTC. Some things never change—like Wall Street’s addiction to unnecessary complexity.