Crypto Market Surges 20% as Institutional Investors Pour $15 Billion into Bitcoin ETFs
The cryptocurrency sector is currently experiencing an extraordinary surge in institutional involvement, marking a new phase in its evolution. Corporate entities are entering the crypto landscape with unprecedented coordination and zeal, sparked initially by BlackRock’s ETF application in mid-2023. This development has unexpectedly blossomed into an era of extraordinary growth. Despite political tactics, the cryptocurrency market has displayed resilience, maintaining stability in the face of potential upheaval.
Spot Bitcoin ETFs witnessed an astonishing net inflow of $1.029 billion, with BlackRock contributing a substantial $953 million to this tally. These movements, conducted outside conventional exchanges and OTC trades, signal a…
