VanEck has observed a notable increase in institutional investments in Bitcoin, which could lead to a price breakout for the cryptocurrency. This development is further supported by the increasing correlation between exchange-traded product (ETP) flows and Bitcoin’s market performance.
The rising institutional interest highlights the growing confidence in Bitcoin’s viability as an asset class. This influx of investments could potentially drive Bitcoin’s price higher, as more organizations see it as a valuable addition to their portfolios.
