Institutional investments in Bitcoin ETFs have surged, with more than 4 billion USD recorded in the iShares Bitcoin Trust (IBIT) over the past month. This indicates that the demand for Bitcoin remains resilient, despite its price’s lack of movement.
Adam Parker noted that Bitcoin’s behavior is evolving, resembling quality growth stocks more than it did before. However, skepticism exists in the crypto sector, highlighted by mixed sentiments regarding companies like Circle Internet Group.
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