According to a report by K33 Research, institutional demand for Bitcoin through exchange traded products (ETPs) has grown significantly in the past month, increasing by 27,095 BTC, reaching a record level and surpassing BlackRock’s submission of Bitcoin spot ETF traffic in June and July.
K33 Research senior analyst Vetle Lunde and vice president Anders Helseth said that in addition to Bitcoin ETP inflows, as the U.S. Securities and Exchange Commission’s latest Bitcoin spot ETF deadline approaches, CME’s continued high exposure shows institutional interest in Bitcoin. Strong demand.