WS #14721
Despite the macro headwinds from rising yields, institutional demand for crypto remains robust. BlackRock's ETFs pulled in $1.58B in fresh capital, with Bitcoin and Ethereum leading the inflows. This suggests that digital assets are increasingly viewed as a hedge or alternative store of value by institutions, decoupling from traditional risk assets in the short term, although long-term correlation risks remain if rates stay elevated.
Crypto Institutional Demand
Despite the macro headwinds from rising yields, institutional demand for crypto remains robust. BlackRock's ETFs pulled in $1.58B in fresh capital, with Bitcoin and Ethereum leading the inflows. This suggests that digital assets are increasingly viewed as a hedge or alternative store of value by institutions, decoupling from traditional risk assets in the short term, although long-term correlation risks remain if rates stay elevated.