The biggest question in crypto at the moment is whether institutional investors will allocate to the asset class in a big way, the report said. Bitwise noted that the total number of institutional investors holding bitcoin ETFs rose 14% in the second quarter. Bitcoin exchange-traded funds have been adopted by institutions at the fastest rate of any ETF in history, the asset manager said.
Bitcoin’s (BTC) price fell 12% in the second quarter, but this didn’t stop institutional investors from significantly increasing their allocation in BTC exchange-traded funds (ETFs), asset manager Bitwise said in a report on Monday.
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