US Crypto Funds Hit New High as Institutional Investment Soars

Institutional investors have injected a record $10.8 billion into US cryptocurrency funds, fueled by favorable regulatory changes and Bitcoin ETF approval. BlackRock, Fidelity, and Grayscale are leading the charge, expanding their crypto portfolios following SEC-approved Bitcoin ETFs. This trend signifies a significant shift in the financial landscape as institutions prioritize digital assets for long-term holdings.