Hedge Funds and ETFs Fuel Bitcoin’s Institutional Growth Despite On-Chain Slump

The institutional fervor surrounding Bitcoin (BTC) has surged to unprecedented heights, as evidenced by the recent 13F filings presented by major financial institutions to the United States Securities and Exchange Commission (SEC). According to data from CoinShares, there are currently more than 1,900 holders of US ETFs, and the average BTC allocation in portfolios is 0.6%. Hedge... source: https://beincrypto.com/hedge-funds-bitcoin-etf/