- Bitcoin deemed institutional entry by ARK Invest, Cathie Wood.
- 12% to 13% crypto exposure in ARK’s portfolio.
- Potential ETF introduction by large institutions watched closely.
ARK Invest founder Cathie Wood highlighted Bitcoin’s role during the recent 1011 flash crash as the most liquid crypto asset, signaling potential market stabilization.
Wood’s insights underscore Bitcoin’s importance in institutional portfolios, affecting market dynamics and interest in future Bitcoin ETFs among financial giants.
ARK Invest Sees Bitcoin as Top Institutional Asset
ARK Invest’s strategy underscores Bitcoin as the most liquid crypto asset. Cathie Wood highlighted its role in the broader financial ecosystem, particularly for institutions. She emphasized Bitcoin’s capacity to serve as a natural priority in institutional asset allocation.
Institutional interest in Bitcoin ETFs is growing as industry giants consider formal introductions. This movement is seen as a pivotal factor for upcoming market trends. ARK’s portfolio includes exposure to crypto industry stakeholders like Coinbase and Robinhood, reflecting evolving market dynamics.
David Puell, Research Trading Analyst, ARK Invest, noted, “a structural transfer of bitcoin supply from long-time holders to institutions initiating positions in a new asset class.”
Bitcoin Holds 58.55% Market Dominance Amid Asset Shifts
Did you know? Historically, institutions have significantly shaped Bitcoin’s market stability. Recent developments indicate a higher concentration of BTC by institutions, reflecting on 2021 when retail dynamics dominated.
Bitcoin (BTC), currently valued at $89,284.70, holds a market cap of 1.78 trillion USD with a dominance of 58.55%, according to CoinMarketCap. The past 90 days saw a 22.22% decrease in price. Trading volume registered at 66.09 billion USD, reflecting an 18.81% drop over the last 24 hours.
Insights from experts highlight potential growth in the adoption of Bitcoin as a treasury asset by corporations. The Coincu research team indicates that regulatory developments might support further institutional acceptance of BTC, aligning with historical adoption trends observed in recent years.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/bitcoin/bitcoin-institutional-entry-ark-crypto/