Bitcoin ETFs See Institutional Ownership Multiply 55x In Less Than A Year
The institutional adoption of Bitcoin exchange-traded funds (ETFs) has experienced an unprecedented surge in the past 11 months, underscoring a tectonic shift in the way traditional investors interact with digital assets. Related Reading: Crypto Tax Incoming: Nigeria Eyes Digital Assets For Revenue Boost Bitwise data indicates that the number of institutional holders of US spot […]
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Institutional investment in Bitcoin ETFs is driven by a startling 27% rise in adoption that occurs within the second quarter of 2024. That increase reflects a growing confidence of institutional players in the digital currency market. Related Reading: New Project: Son Of Donald Trump Says He’s ‘Fallen In Love With Crypto’ Data provided by K33 […]
Bitcoin ETFs are on fire! And no, not in the ‘crashing and burning’ way. Institutional investors have jumped on Bitcoin ETFs like it’s a Black Friday sale. In the last 11 months, the number of institutional holders of Bitcoin ETFs has surged a jaw-dropping 54.5x. That’s not even a full year, and the numbers are […]
JPMorgan has highlighted evidence of institutional demand for bitcoin and investors moving from gold exchange-traded funds (ETFs) to the cryptocurrency. The firm points out that bitcoin demand is driven not only by younger retail investors but also by institutional investors, such as family offices and asset managers. Gold ETF Investors Moving to Bitcoin JPMorgan’s Global Markets Strategy team released a report Friday that discusses bitcoin. It also compares the flow trajectories for Grayscale Bitcoin Trust (GBTC) and gold exchange-traded funds (ETFs). The report reads: Corporate....
After news of the potential launch of the first Ethereum Spot Exchange-Traded Funds (ETFs), optimism among ETH institutional investors has witnessed a significant rise, surpassing that of retail investors towards the crypto asset. Institutional investors’ positive sentiment may be explained by a number of factors, including higher trading volumes, which indicate a strong belief in […]
The National Bank of Canada has ventured boldly into the realm of cryptocurrencies. The bank has made $2 million investments in Bitcoin exchange-traded funds (ETFs), changing the way conventional finance views digital assets. This choice emphasizes the evolving scene of controlled crypto investments and the increasing institutional curiosity in Bitcoin. Related Reading: Ethereum Whales On The Move—224,000+ ETH Withdrawn In Record Outflow A Calculated Risk On Bitcoin ETFs The National Bank of Canada decided on ETFs instead of directly purchasing Bitcoin, following a pattern among financial....