Institutional adoption debate intensifies despite near-term BTC softness

Articles from CoinDesk and 24/7 Wall St. highlight that U.S. spot Bitcoin ETF assets have slid from an October peak of $169B to about $120B amid recent outflows and volatility, while Brazil’s largest asset manager now recommends up to a 3% BTC allocation as a hedge. Strategy (MSTR), the flagship public BTC-treasury proxy, has held its Nasdaq‑100 spot but trades as a high‑beta play on Bitcoin as index providers like MSCI weigh excluding digital‑asset treasury companies from benchmarks.