(Opalesque) Bitcoin ETFs are increasingly being held by hedge funds, mutual funds, and other institutional investors, easing concerns that the cryptocurrency asset would remain a fringe investment, said a survey. The number of institutional investors holding bitcoin ETFs rose 14% in the second quarter, to 1,110 from 965. The exchange-traded funds reached more big firms despite a 12% drop in bitcoin’s price during the second quarter of 2024.
Hedge funds and institutional investors warm up to Bitcoin ETFs
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