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The broader crypto market dip also resulted in a substantial $10 billion drop in crypto investments AUM .
Oluwapelumi Adejumo 2 min read 
IBIT and FBTC have accounted for more than half of the year-to-date net flows for both companies in less than 50 days of trading.
With major financial institutions yet to fully embrace Bitcoin, Wood anticipates further upward momentum in its value.
Mitchnick said that BlackRock expects Bitcoin to become an integral part of the financial system in the coming decade.
The resurgence of the Internet Computer Protocol opens new cross-chain opportunities.
Bitcoin had only slightly recovered above the $65,000 mark as of press time, with downward pressure remaining in the market.
Realized price metric reveals significant investment at peak bitcoin prices
Bitcoin's price volatility led to the largest negative change in Bitcoin hodler balances in over three years.
The central bank also reaffirmed its intention to cut rates during 2024, driving the odds of a June cut to 70%.
