Bitcoin (BTC) institutional investment vehicles are seeing a major volume boost as excitement over possible United States regulatory changes takes hold.
Data from resources including Bloomberg showed Bitcoin exchange-traded funds (ETFs) and others nearing record weekly inflows.
BITO, GBTC trade $2.5 billion
Hints that the U.S. might soon allow a Bitcoin spot price-based ETF have not only impacted BTC price action — the surrounding ecosystem has benefitted in kind.
In addition to exchanges and mining firms, embattled institutional investment options are also seeing a resurgence in demand.
As noted by Bloomberg senior ETF analyst Eric Balchunas, at least two household names saw…
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