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Sovereign Wealth Funds Bought Bitcoin as Retail Pulled Back: Coinbase Exec - WorldNL Magazine

Summary by World NEWS Live
In brief Institutional investors including sovereign wealth funds drove Bitcoin’s April rally, while retail investors pulled out of ETFs, Coinbase’s John D’Agostino said. Bitcoin rose 13% over the month, climbing from $76,500 to near $96,000 before settling above $92,000. Institutional demand is tied to de-dollarization, inflation hedging, and a shift away from tech-stock correlations, the exec said. Institutional interest in Bitcoin intensified…
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tipranks.com broke the news in on Thursday, April 24, 2025.
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