Institutional share in US Bitcoin ETF holdings drops to 20.8 percent! What is behind the massive selloff?
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🚨 Professional ownership of US Bitcoin ETFs plunged to 20.8 percent in the first quarter.
📊 Hedge funds and brokers led the 35 percent drop in ETF-held assets valued at 17.8 billion dollars.
💼 While short-term traders sold heavily, banks doubled their $BTC ETF exposure during market turbulence.
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