A Bitcoin ETF approval will open the door for more conservative investors, and this could have an irreversible impact on the price of BTC.
3 reasons why a Bitcoin ETF approval will be a game changer for BTC price
Ether and Cardano continue to dominate inflows to institutional crypto investment products, while demand for BTC weakens.
Institutions remain bullish on Cardano and Ether, while BTC outflows persist
The investment firm already has significant exposure to gold, minerals, precious metals, petroleum and other natural resources.
US Global Investors bought crypto exposure through Grayscale funds
What was once a major bearish narrative exits via the tradesman’s entrance after failing to have any impact on Bitcoin markets.
Grayscale Bitcoin Trust FUD is now over as the last GBTC unlock totals just 58 BTC
While asset managers have accumulated 4% of Bitcoin’s supply, private and public companies have also amassed 1% each.
Asset managers and companies accumulate 1.2M Bitcoin worth $57 billion
Solana represented one-third of total inflows to institutional crypto investment products this past week.
Institutional investors bet big on Solana, while BTC outflows persist
GBTC will “take time” to restore its balance thanks to changing market forces, analyst Willy Woo says.
Sub-zero interest? GBTC hits biggest discount since May Bitcoin price crash