Bitcoin spot ETFs recorded $316 million in outflows, marking a fifth consecutive week of decline as institutional interest shifts toward altcoins like XRP and HYPE. Meanwhile, Franklin Templeton has proposed a new fund combining U.S. equities with a strategy to accumulate Bitcoin using stock dividends. Bitcoin is expected to face a choppy summer as institutional capital rotates further toward AI stocks and new technology IPOs.
The world's largest cryptocurrency faces pressure as institutional capital rotates toward the AI sector and new technology IPOs.
Read the full storyThe asset management giant aims to launch a hybrid ETF that funds Bitcoin exposure through the systematic reinvestment of U.S. stock dividends.
Bitcoin spot ETFs recorded their fifth consecutive week of declines as institutional investors began reallocating portfolios toward XRP and HYPE.