Institutional Bitcoin Adoption Grows: 0.6% of Portfolios Hold BTC Through ETFs
CryptoNewsTerminal Staff18 May, 2024
Institutional Bitcoin Adoption Grows: 0.6% of Portfolios Hold BTC Through ETFs
Over 1,900 institutions worldwide, representing 0.6% of institutional portfolios, now hold Bitcoin (BTC) through exchange-traded funds (ETFs). This growing adoption signals increasing institutional interest in cryptocurrency as an investment asset. The popularity of Bitcoin ETFs, such as the ProShares Bitcoin Strategy ETF (BITO), has played a significant role in this adoption. These ETFs provide institutional investors with an accessible and regulated way to gain exposure to Bitcoin without directly purchasing and holding the cryptocurrency. As institutional adoption continues to rise, Bitcoin's integration into traditional financial markets strengthens, bolstering its credibility as a legitimate investment option.
