The launch of spot Bitcoin (BTC) exchange-traded funds (ETFs) in the U.S. was predicted to usher in a new era of institutional adoption for cryptocurrencies and send Bitcoin’s price soaring above $100,000, but thus far, the price rally has stalled below $70,000 as institutions have been slow to start making allocations. That could soon change, however, as pension funds are starting to explore investing in Bitcoin, and with more than $4 trillion in capital held by funds in the U.S., even a small percent allocation could drive significant inflows. According to Manuel Nordeste, Fidelity’s Vice President of Digital ... (full story)