🐋 Institutional capital has a “multiplier effect” on Bitcoin: every $1 billion of inflows into BTC-ETFs pushes quotes up by 3-6%, according to a report from regulated crypto bank Sygnum. Growing interest in the asset on the part of institutions creates the conditions for a “demand shock” in 2025. Analysts noted the preconditions for increased purchases by states, endowments and pension funds. An important reason for this will be the adoption of laws supporting cryptocurrencies in the United States.  #ETF #Sygnum #research