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Bitcoin ETFs surge 27% – How U.S. hedge funds are helping BTC’s rise Ambcrypto 20 Aug 2024

Bitcoin ETFs surge 27% – How U.S. hedge funds are helping BTC’s rise 📈

Bitcoin ETFs have seen a 27% surge in ownership, largely driven by U.S. hedge funds. This trend underscores the growing institutional interest in Bitcoin as an investment.

Hedge funds and other major institutions are increasingly seeking exposure to Bitcoin, bolstering its market position and potentially paving the way for even more growth in the future.

This surge is a clear sign of the mainstream financial sector's recognition of Bitcoin's potential and viability as an asset class.

Source: ambcrypto.com ↗

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