The post Institutional Money Is Flowing Back Into Crypto appeared on BitcoinEthereumNews.com.

Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › Binance’s $4.3 billion settlement with U.S. regulators was a big shift in the mentality of institutional adoption of digital assets, which has suffered many dismissals from institutional players who label digital assets as showy, worthless assets propelled by criminals. Gradually, the tectonic plates of ideas that shaped the sentiments of these institutional corridors of power have shifted. For the first time in decades, digital assets like Bitcoin (BTC) could be in ideological collision with a hallmark of institutional acceptance. Many innovative ideas stream into the cryptocurrency space, creating endless market opportunities. Binance’s collaboration with Signum, which allows big players in the cryptocurrency space to keep their assets elsewhere, further amplifies many revolutions and will enable institutions to explore digital assets. Additionally, institutions have continued to flow into the crypto market after spot Bitcoin exchange-traded fund (ETF) approval, allowing many companies to trade a proxy with low management fees and enabling them to participate in other strategies like hedging. These factors have driven much attention and the money flow into the crypto space, as this has been significantly seen in Bitcoin’s performance, which has hit new all-time highs. Smart money, retailers, families, hedge funds, and companies have all recently added Bitcoin as a strategy for portfolio diversification. Research has shown that a staggering $17 billion of institutional capital has flooded the cryptocurrency space just this year alone as institutions continue to allocate a percentage of their investments to digital assets. The farside Bitcoin ETF flow shows that big players such as BlackRock, Fidelity, VanEck, and other institutional companies have shown much interest in digital assets, with institutional money playing a key role in the current buzz of the cryptocurrency market. More than…

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Filed under: News - @ May 24, 2024 10:26 pm