Institutions Warm to Bitcoin Despite SEC Delays on ETF Approval

Institutional investors like Fidelity, ARK Invest, and Invesco are amending their spot Bitcoin ETF filings with the SEC, suggesting ongoing dialogue.

Grayscale's GBTC reached its lowest premium discount since December 2021.

The SEC continues to delay Bitcoin ETF approval, but analysts think approval could bring $600 billion in new demand.

BlackRock CEO Larry Fink said the Bitcoin rally is about a "flight to quality" amid global issues.

Increased institutional activity and interest in Bitcoin may be contributing to its recent price stability.