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Bitcoin Institutional Demand Surges Amid Market Turmoil
Bitcoin exchange-traded products recorded $2.3 billion in fresh inflows since the start of the current crisis, reversing a five-week outflow streak, according to CoinShares. The digital asset has risen 7.1% since tensions escalated, while equities fell 6.5% and gold dropped 10.1% over the same period. The performance marks a departure from previous geopolitical shocks, when bitcoin typically acted as a release valve as investors reduced risk across portfolios, according to the CoinShares Bi-Weekly Digest published Wednesday. The market entered the crisis in cleaner condition than prior periods, according to the ... (full story)