Are institutions FOMOing back into Bitcoin?

2023-4-15 20:54

Quick Take As Bitcoin climbed to over $30,000 this week, was this the impetus for hedge funds and institutions to return? A lot of sideline capital was weighting for Bitcoin at lower prices than this cycle’s low. Bitcoin, now being double the cycle low, with no intervention of central banks or the need for swap lines, showed how robust the network truly is. According to Deutsche Digital Assets, as Bitcoin surpassed the $30k mark, they saw a positive relationship with hedge funds entering Bitcoin and the price surpassing $30,000. Glassnode data also shows that the Purpose Bitcoin ETF has seen positive flows since the SVB collapse in mid-march. At the same time, flows rose when the price crossed $30,000. Purpose BTC ETF: (Source: Glassnode) Global Hedge Fund Beta: (Source: Deutsche Digital Assets)

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bitcoin institutions back significant sideline capital market

Источник: cryptoslate.com

bitcoin institutions → Результатов: 126


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