According to Nansen, investors are increasingly in favor of exposure to #Bitcoin off-chain and regulated, with over 75% of BTC ETF shares held through brokerage platforms.
Public stocks like Strategy also serve as high beta proxies, attracting record flows from retail. Vanguard, the investment titan, has a huge stake of US$9 billion in Strategy. Bitcoin's role now extends beyond hedging, redefining valuations in what Nansen calls the post-fiat era.
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