Institutional Interest in Bitcoin ETFs Skyrockets by 54.5x
According to recent Bitwise data, institutional holders of Bitcoin exchange-traded funds have inexplicably surged 54.5 times over the past 11 months. As of February 16, the number of U.S. spot Bitcoin ETF holders has reached 3,323, compared to just 61 holders on March 31 last year. This remarkable growth reflects an increasing institutional appetite for Bitcoin, showcasing a shift in investment strategy towards digital assets. With more institutions stepping in, the future of Bitcoin ETFs appears increasingly bright. Investors should closely monitor these developments for potential opportunities.
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