Institutional Interest in Bitcoin: Bitcoin ETPs hold over 1.47 million Bitcoins, indicating strong institutional interest, yet recent market dynamics show a potential decline in appetite for these products as large investors shift focus towards Ethereum.
Market Trends and SEC Impact: The ongoing wait for SEC decisions on 92 crypto-related ETFs, including those for Solana and XRP, is expected to influence market sentiment, with Bitcoin's future trajectory appearing cautious amid significant reallocations towards Ethereum by major investors.
