'Rest Of The World Is Buying Bitcoin ETFs': Is 2024 The Year Of Institutional Adoption?
Portfolio Pulse from Khyathi Dalal
ByteTree data shows Bitcoin ETF token holdings at their highest since April 2022, with 22,100 Bitcoins added in the past month. CoinShares reports $767 million in net inflows over six weeks, the highest since 2021, with total inflows exceeding $1 billion this year. Ethereum outflows narrowed by $30 million. Galaxy Digital's Mike Novogratz predicts 2024 as the year of institutional adoption of cryptocurrencies, led by Bitcoin spot ETFs. The Benzinga's Future of Digital Assets conference will discuss the positive investment trends in digital assets.
November 10, 2023 | 9:46 pm
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Galaxy Digital, with OTC ticker BRPHF, is highlighted by founder Mike Novogratz predicting 2024 as the year of institutional adoption of cryptocurrencies, potentially increasing interest in the company's offerings.
The mention of Galaxy Digital's founder making a significant prediction about institutional adoption of cryptocurrencies could lead to increased investor interest in the company, potentially driving up the stock price in the short term.
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