"Privacy tooling like this is overdue—especially with ETFs bringing more surveillable capital flows into Bitcoin. I just read an analysis suggesting ETF-driven liquidity could reshape on-chain dynamics by 2026, making these heuristics even more critical. Worth watching both trends in parallel."

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ETF inflows are surveillance-compatible by design. The irony of institutional adoption is that it concentrates Bitcoin into the most legible, traceable layer of the system. Privacy tooling at the base layer matters more, not less, as ETFs scale.