According to Meltem Demirors, Chief Strategy Officer at digital asset manager CoinShares, there is evidence to suggest that institutional investors believe that Bitcoin (BTC) is set to see a price rally soon. There has been $760 million of flow into Bitcoin investment products since the beginning of 2021, far exceeding the amounts seen in 2022. Demirors also believes that US regulators will approve a Bitcoin spot market exchange-traded fund (ETF) before the year is out, with the expectation that demand could take a few quarters to materialize. Bitcoin is currently trading at $37,369, and if the forecasted rally does come about, it is possible to expect high levels of capital flows into the cryptocurrency. This suggests that institutional investors are bullish on the medium-long term prospects of Bitcoin, and are willing to back this up with their money and capital.



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