How Bitcoin ETFs Are Eating The Lunch Of Ethereum, XRP, Dogecoin

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Growing inflows into spot crypto ETFs signal steady accumulation by traditional investors, according to 21Shares Investment Strategist Adrian Fritz.

Gradual Institutional Adoption

In a Apr.27 CoinDesk interview, Fritz noted that spot Bitcoin (CRYPTO: BTC) ETFs have attracted about $1.1 billion in inflows year to date, despite ongoing geopolitical tensions.

He said participation is expanding among large asset managers, including Morgan Stanley and U.S. hedge funds, reflecting a gradual shift rather than a sudden surge in demand.

According to Fritz, ETF structures make it difficult to distinguish between new and existing investors, but the overall trend points to increasing comfort with Bitcoin as an institutional asset.

He added that Bitcoin’s scale and liquidity, now …

Full story available on Benzinga.com

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