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CRYPTO GOES INSTITUTIONAL IN 2024 WITH ETFs AS MAJOR DRIVERS
Institutional investors are increasingly handling Bitcoin as part of their business and looking to other digital asset opportunities, new global research from industry association Global Digital Finance (GDF) shows.
Almost all (93%) questioned say they now handle Bitcoin in some shape or form including as part of ‘testing’ the digital asset sector, the study with major finance firms in the US, Asia, Europe (including the UK) and the Middle East responsible for more than $221.75 billion assets under management found. Around 86% of those not currently handling Bitcoin plan to do so.
