BNP Paribas purchased BlackRock's iShares Bitcoin Trust ETF (IBIT), reflecting a growing acceptance of Bitcoin in traditional finance.
Analysts anticipate more institutional participation in spot Bitcoin ETFs based on upcoming 13F filings, potentially validating Bitcoin as an investable asset class.
Adoption of Bitcoin by major banks and asset managers could lead to wider mainstream acceptance and increased investments in regulated Bitcoin vehicles.
While Bitcoin ETF holdings are currently a small part of portfolios, traditional industry players like BNP Paribas entering the market mark a significant shift in attitude.
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