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institutional investorsCNBC
•Business
Business & Economics
70% Informative
The share of institutional investment in the Bitcoin ETFs went from about 17 to 28%, a huge uptick.
Most of the world's largest hedge funds are now significant holders of hundreds of millions or billions of dollars of Bitcoin .
We saw continued adoption by endowments and pensions, state of Wisconsin dialing up their allocation.
A sovereign wealth run from Abu Dhabi put nearly half a billion dollars into Bitcoin .
The SEC formally acknowledged Bitwise 's application for spot XRPETFI this week .
I think there's substantial demand for an XRPETF. I think people would love to find a way to hold it in a simple, low cost, easy to use ETP structure. The SEC is much more receptive to discussions under the new administration than they were in the past. In the previous administration, the door would simply be shut. There was no way to discuss things like staking.
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