The price of Bitcoin (BTC) soared to a three-month high at $46,293 after bulls confirmed that they intended to take full control of the market. While crypto traders may have returned to the green and pro traders are looking to add larger leveraged positions, not every class of investors has obtained direct exposure to Bitcoin.
For institutional investors, a fund administrator sets the rules for what percentage of a portfolio is invested in various asset classes, and different companies have varying appetites for risk. The reasons that investors may be piling into these assets versus simply holding BTC include the aforementioned restrictions and the regulatory uncertainty surrounding the direct purchase of Bitcoin.