$27 trillion AUM is perched over Bitcoin and crypto: CoinShares CSO

led to a wave of filings for similar products, boosting a narrative that suggests “institutions are coming” for Bitcoin.Demirors however noted that while"the institutions are coming,” it’s still more of a trickle than a wave."We're seeing the bridges being built in real-time," she added.

It should be noted that the $27 trillion figure is an estimation of the total assets under management across the eight institutions and only a tiny portion of this would likely be allocated to crypto investments.Demiror’s sentiment, pointing out that Bitcoin’s market capitalization is less than $600 billion.

“Between HSBC, Blackrock, Fidelity, and Schwab we are talking about $25 trillion in assets under management that will soon be enabled to buy Bitcoin.” Institutional investors are already showing more interest in Bitcoin-related funds. The ProShares Bitcoin Strategy ETF saw its largest weekly inflow for a year pushing AUM over $1 billion, as

CoinShares Chief Strategy Officer Meltem Demirors highlighted that at least eight major financial institutions had signaled moves in the digital assets space, including BlackRock’s spot Bitcoin ETF filing and Fidelity’s crypto wealth management solutions.

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