In 2024, institutional Bitcoin adoption has been accelerated by the introduction of exchange-traded funds (ETFs), according to analysis from CryptoQuant. Corporate investment in Bitcoin has surged, increasing realized capitalization by $300 billion. The report highlights that Bitcoin's technical gains have taken a back seat as institutions overshadow protocols like Runes. The approval of the Bitcoin ETF by the SEC in January led to a significant increase in corporate investment, causing Bitcoin's realized capitalization to jump from $430 billion to $730 billion since the beginning of the year. Major companies, such as BlackRock and MicroStrategy, have been actively purchasing Bitcoin, further boosting institutional demand and increasing Bitcoin's liquidity and credibility. However, concerns have been raised about the ETFs potentially leading to a wave of "de-decentralization" and transforming Bitcoin into a speculative asset.



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