21shares

What can a small crypto allocation do for your portfolio? Read analysis directly from the 21shares research desk.

Bitcoin moves in cycles that are anchored to a four-year event called the ‘halving’; when the reward for mining Bitcoin is cut in half, reducing the supply of new coins entering the market.

Flows into Bitcoin ETFs and ETPs have remained positive in 2026, despite Bitcoin’s drawdown from its 2025 all-time high. Professional allocators are holding and, in many cases, adding to their positions.

What can a small crypto allocation do to your portfolio risk and return? Read analysis directly from the 21shares research desk.

Bitcoin remains well below its peak. Each time Bitcoin has fallen this much in the past, it has been followed by a multi-year recovery.

Bitcoin’s outlook: regime shift or bear rally? April delivered Bitcoin’s strongest monthly performance in over a year, with BTC climbing 12% to $79,500. While resistance around $78,000 persists, the underlying story is shifting – this looks less like a temporary rebound and more like patient capital quietly building a floor. This month, we’re exploring: • Macro Backdrop: Risk-on rebound meets persistent inflation. • Structural Demand: ETFs and corporates continue absorbing supply. • Flight to Quality: Capital consolidates into Bitcoin dominance. The key question now: is this consolidation a ceiling – or a launchpad toward $85,000? 📬 Read the full State of Crypto Monthly below!