Institutional Interest Returns to Bitcoin as Funds Flow into ETFs

Institutional investors are showing renewed interest in Bitcoin (BTC) after seeing inflows into spot-based exchange-traded funds (ETFs). Data from Lookonchain reveals that major financial institutions such as Fidelity, Bitwise, and Grayscale have recently shifted their investment strategies, selling Ethereum (ETH) and buying BTC. This trend is observed across various ETFs with spot Bitcoin ETFs surpassing ETH ETFs in terms of net inflows on Tuesday.