As of January 2025, Bursera Capital’s portfolio has achieved a 1599.12% ROI since the inception of Fund I in July 2019, continuing to significantly outperform both the average fund (577.24%) and Bitcoin (887.85%).

As we head into 2025, Bursera remains committed to expanding its investment strategy in tandem with upcoming regulatory developments. The institutional adoption of Bitcoin and digital assets continues to accelerate, with major players increasing their holdings and regulatory changes fostering broader acceptance. February has marked a critical turning point, strengthening confidence in Bitcoin and signaling a strong pro-digital asset stance from key policymakers.

Market News

Institutional interest in Bitcoin is surging, with U.S. spot Bitcoin ETF inflows jumping 175% and major players like BlackRock, Barclays, and the State of Wisconsin Investment Board significantly expanding their Bitcoin positions. Meanwhile, pro-digital asset policies are gaining momentum through initiatives that ease restrictions and promote institutional participation, and evolving regulatory frameworks—from more accommodating SEC practices to potential shifts in CFTC oversight—are creating a more favorable environment for digital asset innovation and investment.

Institutional Confidence at Record Levels

U.S. Spot Bitcoin ETF inflows surged 175% year-over-year, reaching $4.4 billion from January to February 8, with $1.4 billion in net inflows during the first week of February alone. Institutional demand continues to rise, with BlackRock preparing to launch a Bitcoin ETP in Europe and the State of Wisconsin Investment Board (SWIB) expanding its Bitcoin holdings through IBIT by nearly 110%, now valued at approximately $321.5 million.

This increased confidence in Bitcoin investment products has coincided with ongoing optimism by established players:

• El Salvador acquired 12 more BTC, bringing its national reserve to an impressive 6,068 BTC.

• Goldman Sachs disclosed a $1.5 billion position in Bitcoin.

• Metaplanet reported $36 million in gains and outlined plans to acquire 21,000 BTC by 2026.

• Strategy (FKA MicroStrategy) made a monumental move, purchasing $742 million in Bitcoin, raising total holdings to 478,740 BTC.

• Barclays discloses $131M IBIT Bitcoin ETF holdings.

• Abu Dhabi Sovereign Wealth Fund revealed a $460M IBIT Bitcoin ETF position.

Regulatory Shifts: A Favorable Landscape for Digital Assets

The Financial Innovation and Technology for the 21st Century Act, which would make the CFTC the primary digital asset regulator, passed the House but stalled in the Senate, though a digital asset-friendly administration could revive it.

Meanwhile, the SEC is shifting its approach, with Commissioner Hester Peirce confirming that enforcement will no longer replace clear policy frameworks. The agency paused its lawsuit against Binance, is working to remove barriers for digital asset firms, and is processing exemptive relief applications to modernize outdated rules. As the SEC shrinks through voluntary resignations, its focus shifts from broad legal battles to addressing legitimate violations.

• The CFTC could still emerge as the main digital asset regulator if the bill advances.

• The SEC is stepping back from aggressive enforcement and prioritizing clear rules.

• Binance lawsuit on hold, signaling a softer regulatory stance.

• The SEC is easing registration barriers and updating outdated rules.

• The agency is shrinking, shifting focus to legitimate violations.

Pro-Digital Asset Policy Momentum

The Trump administration continues to drive pro-digital asset policy momentum, easing restrictions on digital assets and fostering greater institutional participation. A key development is the nomination of Brian Quintenz, former CFTC Commissioner and ex-a16z Head of Policy, as CFTC chair—a strong advocate for self-regulation and expanded CFTC oversight of digital assets, backed by groups like the DeFi Education Fund.

Meanwhile, the revocation of SAB 121 removes the requirement for banks to classify digital assets as liabilities, granting traditional financial institutions greater flexibility to engage with Bitcoin. As a result, major players like Goldman Sachs, Morgan Stanley, and Bank of America are considering expanding their digital asset strategies, with Goldman’s $1.5 billion Bitcoin purchase aligning with this shift. Additionally, discussions surrounding a Bitcoin national reserve remain ongoing, further underscoring the growing institutional embrace of digital assets.

Key Takeaways

• Institutional confidence remains unwavering as major players continue accumulating Bitcoin.

• Bitcoin ETFs are experiencing record inflows, reinforcing demand and liquidity.

• Policy shifts favor a more accommodating regulatory environment, enabling greater institutional participation.

• Trump’s nomination of Brian Quintenz and the revocation of SAB 121 signal a pro-digital asset stance that could accelerate adoption.

• As institutions and governments align with the digital asset revolution, the case for Bitcoin’s continued growth remains stronger than ever.