Core Insights - Bitcoin has been a polarizing asset in 2025, experiencing both significant rallies and a slump, with expectations to close below $100,000 [1][2] - Despite the downturn, there are potential opportunities in ETFs like the Coinshares Valkyrie Bitcoin Fund (BRRR) for 2026 [2][3] Market Dynamics - Increased adoption and broader use cases are expected to drive Bitcoin and ETFs like BRRR higher in 2026 [4] - Bitcoin's integration into traditional finance is advancing through spot ETFs, a deepening options market, and corporate participation [5] - The evolving regulatory environment may favor Bitcoin and digital currencies, with countries considering loosening regulations that hindered crypto innovation [5][6] Regulatory Landscape - Global regulation is diverging, with Europe seeking clarity, the US fostering innovation, and Asia aligning its own prudential measures [6] - ETFs like BRRR are enhancing Bitcoin liquidity and attracting new participants, including professionals, into the crypto market [6] Future Outlook - The industry is shifting focus from narrative to utility, cash flow, and integration, indicating that digital assets are becoming part of mainstream finance [7]