Institutional flows in crypto are still growing, but they’re migrating toward regulated, utility-heavy rails. The data points to a simple pattern: Bitcoin and ETF products absorb the bulk of large checks, while stablecoins and tokenization pull in institutions that want operational use, not just price exposure.

BTC
BTC
65,827.63
+2.26%
SPCXB
SPCXB
--
--
MUB
MUB
1,031.58
+3.85%

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