Morning Minute: Hedge Funds Left the BTC ETF Trade and Sovereign Wealth Stepped In
Summary
Bitcoin exchange-traded funds recently turned positive for the month following substantial inflows this week. This shift coincides with a change in market participants, as sovereign wealth funds replaced hedge funds in the trade.
Now the BTC ETFs have flipped green for the month after $400M+ inflows this week, setting the stage for a big November.
Source: Read the full story at Decrypt
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