Bitcoin ETF

<ul><li>nstitutional giants like Millennium and BlackRock drive unprecedented capital into Bitcoin ETFs.</li><li>Global firms from the U.S. to Hong Kong invest in Bitcoin ETFs, signaling broader crypto adoption.</li><li>Spot Bitcoin ETFs attracted $17 billion this year, with BlackRock&#39;s iShares Bitcoin Trust soaring to $20 billion.</li></ul>Major U.S. firms are increasingly backing spot Bitcoin ETFs, signaling a significant shift in traditional investment strategies. Hedge funds, pension funds, and banks are pouring capital into these ETFs, reflecting a growing confidence in the digital asset despite ongoing market uncertainties.In a recent X post, crypto analyst Crypto Rover highlighted this trend, questioning the bearish sentiment that persists despite substantial institutional interest. The influx of traditional financial players into crypto suggests a broader acceptance of Bitcoin as a legitimate asset class.<h2 id="header-0">Key Players Leading the Charge</h2>Hedge funds like <a href="https://www.bloomberg.com/news/articles/2024-08-15/more-hedge-funds-buy-bitcoin-etfs-as-institutional-demand-grows" rel="noopener noreferrer nofollow">Millennium Management</a> are at the forefront of this investment wave, holding shares in multiple Bitcoin ETFs. With $68 billion in assets under management, Millennium remains a key player, even after trimming its stakes from the previous quarter.Other major investors include Capula Investment Management, Schonfeld Strategic Advisors, and Steven Cohen&#39;s Point72 Asset Management. These firms have reported significant stakes in Bitcoin ETFs, signaling the increasing involvement of traditional financial giants in the cryptocurrency market.<a href="https://cryptotale.org/wall-street-titans-fuel-bitcoin-etf-boom-despite-skepticism/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Wall Street Titans Fuel Bitcoin ETF Boom Despite Skepticism

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