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13F filings suggest the institutional picture is more complex than ETF flows alone. While BTC spot ETFs faced Q2 redemptions, hedge funds and family offices reportedly increased exposure through OTC deals, pushing institutional holdings 7.5% higher QoQ. ETH attracted even stronger interest, helped by staking yields. ETF outflows don’t equal broad institutional selling. Falling Treasury yields could become the catalyst for renewed accumulation and a stronger crypto rally.#PPIHotCPINext