In recent weeks, data from crypto analytics platform CryptoQuant has shown a notable surge in demand for Bitcoin among both retail and institutional investors.
According to the data, since February, inflows into Bitcoin ETFs have risen sharply, marking a significant trend in institutional adoption.
The total Bitcoin held by institutional investment products increased from approximately 1.278 million BTC to 1.370 million BTC during this period, representing an increase of over 92,000 BTC – a 7.2% growth.
This rise is attributed to the perception among institutional investors that Bitcoin serves as a long-term store of value.