Increasing institutional ETF adoption could bolster Bitcoin price to new all-time highs.
The institutional adoption of spot Bitcoin exchange-traded funds (ETFs) saw a significant uptick during the second quarter of 2024 despite Bitcoin’s recent correction.
Institutional adoption of the US spot Bitcoin ETFs grew by over 27% during the second quarter of 2024.
Over 262 new firms have invested in spot Bitcoin ETFs, according to Vetle Lunde, a senior analyst at K33 Research, who wrote in an Aug. 16 X post:
