"Increasing Bitcoin ETF Inflows Outpace Gold Funds, Drawing Big Bank and Broker Interest"

VanEck's Head of Digital Assets Research, Mathew Sigel, stated that big financial institutions' interest in Bitcoin is growing, with more clients expressing interest in Bitcoin ETFs. The performance of Bitcoin spot ETFs has been successful, with several accumulating over $1 billion in assets. Despite fierce competition among ETF issuers, Sigel believes that the current fees are competitive and should not hinder further adoption. The price of Bitcoin is currently at $52,480, the highest level since late 2021, indicating increasing interest and potential for further adoption by institutional investors.