Institutional adoption of Bitcoin ETFs surges 27% in Q2
Increasing institutional ETF adoption could bolster Bitcoin price to new all-time highs.
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Increasing institutional ETF adoption could bolster Bitcoin price to new all-time highs.
Low uptake of Grayscale’s Solana fund is an early indicator, she said.
The ETF could offer more leveraged exposure to Bitcoin, especially for institutional investors looking to diversify their holdings.
The investment firm disclosed to the SEC that it held more than 5.5 million shares of the iShares Bitcoin Trust in the second quarter of […]
Vanguard is the second largest ETF issuer after Blackrock.
Bitcoin’s 2024 bull run was mainly driven by institutional inflows, which could be the key to unlocking the next leg up.
Grayscale also launched funds for protocols Bittensor and Sui in August.
Bitcoin could gain significant traction from the growing M2 money supply, but a correction below $58,000 is still on the table before more upside.
Solana price could also rally above $250, catalyzed by the incoming altcoin season, according to Hayes.
The pace of adoption of crypto exchange-traded funds in the United States has been surprising even to Grayscale.
