More hedge funds buy Bitcoin ETFs on institutional demand

August 16, 2024

Hedge funds, pensions, and banks invested significantly in Bitcoin-focused ETFs as the asset gained mainstream acceptance with the help of US regulators. Major players like Millennium Management and other firms from around the world engaged. The funds experienced a net inflow of $17 billion this year, bolstered by BlackRock’s $20 billion IBIT.

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From 29,300 to 24,900: Nomura slashes Nifty target, says another 5% correction possible! Here’s why

Nomura has cut its Nifty target by 15% to 24,900, warning of a further 5% downside amid geopolitical tensions, rising oil prices and weakening flows.

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