Bitcoin News Update: Bitcoin ETF Sees $1.5 Billion Withdrawals While Institutional Investors Increase Their Holdings
- BlackRock's IBIT ETF saw $1.5B net outflows over 10 days as investors reassess Bitcoin exposure amid volatility. - Harvard University boosted IBIT holdings to $442.8M, surpassing its combined stake in major tech firms, while diversifying into gold . - Institutional ownership in IBIT rose to 29% QoQ, with UAE entities and sovereign wealth funds among key holders, signaling crypto's growing institutional acceptance. - KuCoin expanded institutional services as ETF outflows highlight market recalibration, wi
BlackRock's
Even with the recent wave of selling, institutional interest in
Institutional enthusiasm for IBIT is further demonstrated by a 15% increase in institutional holders over the quarter,
Wider market forces have intensified the sell-off. For instance, the Wisconsin Investment Board
Despite the uncertainty surrounding Bitcoin ETFs, not all institutional players are pulling back. KuCoin, a leading cryptocurrency exchange, has
Experts remain split on what the IBIT outflows mean for the future. While the recent withdrawals point to short-term instability, the ongoing embrace of Bitcoin ETFs by institutions signals a deeper transformation in how traditional finance perceives the asset. "Institutions are not leaving crypto," commented one analyst. "They are adjusting their approaches in light of changing market dynamics."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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