Institutions Embrace Bitcoin and Ethereum Institutional investors have embraced Bitcoin more readily due to its longevity and liquidity, the report notes. Spot bitcoin ETFs launched in early 2024 and now hold $176 billion in assets, according to CoinShares data from October 2025. New research from CoinShares breaks down why Bitcoin and Ethereum function as complementary rather than competing assets, a distinction that could support the investment case for dual-exposure products like the CoinShares Bitcoin a ...