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

Crypto Insight Summary: 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. Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Institutional rotation from hedge funds to sovereign funds suggests balanced demand.