Institutional investors are favoring spot Bitcoin and Ethereum ETFs such as BlackRock's IBIT and Fidelity's FBTC, with steady inflows supporting Bitcoin near $64,119 and Ethereum around $1,897. Investors prefer these lower-fee, direct exposure vehicles over legacy products like Grayscale's GBTC, which continues to see outflows. With Bitcoin dominance at 56.5%, institutions remain focused on BTC over altcoins, indicating measured accumulation and a consolidation phase rather than an immediate breakout.
This item was indexed from its published source and tied to the entity records it names. The Counterparty reports what the market says and who it says it about; it does not rewrite the original report. Read the source for the full account.