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Wall Street’s Fast Money Fled Bitcoin ETFs, Sovereign Funds Stepped In

Decrypt·October 28, 2026·1 min read
Wall Street’s Fast Money Fled Bitcoin ETFs, Sovereign Funds Stepped In

Galaxy Research found that nine hedge funds and banks cut 68,000 BTC worth of spot ETF exposure as the cash-and-carry trade dried up, while wealth platforms and sovereign funds added. This shift highlights changing institutional dynamics in the Bitcoin ETF market.

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