Bitcoin ETF: Bitwise Says Institutions Are Still Investing
Despite some increased volatility for the leading crypto, Bitcoin ETFs are still being bought by institutions, according to Bitwise. Indeed, the asset manager noted that institutional investors in the BTC ETFs have continued to increase. Specifically, the figure increased 14% in Q2 of this year. In a new report from the firm, crypto faces a massive question in terms of institutional interest. They note that the market is questioning if these companies will continue to allocate funds toward the asset class. Therefore, increasing their exposure to BTC, and continuing to grow its prevalence throughout the finance sector. Also Read: Wisconsin State Adds 447,000 Shares to its Bitcoin ETF Holdings Bitwise Says Institutional Investment in BTC ETFs is Growing 2024 has been an interesting year for Bitcoin. The token received the landmark inaugural crypto-based ETF in January. Three months later, it reached an all-time high of $73,000 because of the product’s success. However, volatility ha...