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These Traditional Finance Giants Bought Bitcoin ETFs Last Quarter

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Bitcoin keeps touching new levels of adoption in the real world, with traditional finance firms embracing the digital asset at a remarkable pace. The significant investment in spot Bitcoin exchange-traded funds signifies growing institutional interest in crypto assets.

Substantial ETF disclosures also came from top U.S. banking firm Morgan Stanley and advisory company Pine Ridge Advisers, with investments Noteworthily, major banks like JPMorgan Chase and Wells Fargo invested even smaller amounts, totaling $760,000 and $143,000, respectively, in the Bitcoin ETF market.

 

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