Tyler Evans, chief investment officer at UTXO Management, joined Bitcoin Magazine TV for an interview examining where Bitcoin stands after maturing out of the bear market — and what may come next.

The conversation covered the Federal Reserve — including former Fed governor Kevin Warsh — the bond market, and JPMorgan naming Bitcoin its best-performing asset class. Evans also discussed Bitcoin ETF flows flipping from “highly negative” territory into “strong accumulation,” a swing that matters because flows into U.S. spot Bitcoin ETFs, which launched in January 2024, are widely followed as a gauge of institutional demand. He also outlined why the U.S. midterm elections in November 2026 could prove pivotal heading into 2027. According to Evans, at the end of the day, “Bitcoin will just do its thing.”

Per the video’s chapter markers, topics addressed during the interview include:

• Whether Bitcoin’s current pause precedes its next move up (00:11)
• The Fed, Kevin Warsh, and the bond market (01:25)
• Institutions buying as Bitcoin flows into the U.S. (03:20)
• Bitcoin versus the AI trade (04:43)
• VanEck’s all-in-one ETF and Bitcoin’s allocation problem (06:09)
• AI agents and Bitcoin (07:55)
• Making Bitcoin as easy as Apple Pay (09:01)
• Strategy shareholders approving daily dividends for Stretch (11:02)
• A Bitcoin treasury company losing access to its Bitcoin (12:33)
• Qualified custodians and counterparty due diligence (13:38)
• MSCI pushing Bitcoin treasury companies out of its indexes (14:56)
• How Bitcoin treasury models can evolve (15:56)
• Where Bitcoin goes by the end of 2027 (16:32)
• ETF flows and reclaiming the 50-week moving average (17:48)

Two of those threads carry particular weight for readers tracking the space: MSCI’s rulings matter because index membership determines what many passive funds can hold, while the 50-week moving average is a long-term trend indicator analysts use to see whether an asset is trading above or below its multi-year trend.

The full interview is available on YouTube: Tyler Evans: Bitcoin ETF Flows Flipped From “Highly Negative” to “Strong Accumulation”.

The video is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Past performance is not indicative of future results. Investments in digital assets involve significant risk and may result in loss of capital. Both UTXO Management and BTC Inc., producer of BMTV, are owned by Nakamoto Inc. (NASDAQ: NAKA).

Disclaimer: The views and opinions expressed in the show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. The content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in the show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.

This article first appeared on Bitcoin Magazine and was written by Patrick Green.