CoinShares: Bitcoin decline since early October has failed to shake institutional investors' confidence

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Deep Tide TechFlow News, March 5th, according to Coindesk, CoinShares states that despite Bitcoin’s price dropping about 23% from its nearly $125,000 all-time high in early October last year, institutional investors remain steadily holding their positions. CoinShares analyst Matt Kimmell said that professional investors have only slightly reduced their holdings, while long-term investors such as pension funds and sovereign wealth funds continue to “quietly increase their holdings.” The report indicates that global Bitcoin ETF inflows remain positive, suggesting that the selling in the fourth quarter was mostly profit-taking by long-term holders rather than withdrawals by new institutional investors.

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