As per Bitcoin.com, Delphi Digital reported that institutional interest in cryptocurrency has sharply declined, with flows to digital asset treasury companies (DATs) dropping 90% from their August peak of $5.5 billion to just $500 million in October and November. The firm noted that Strategy, a key player in the DAT segment, has seen its bitcoin multiple-to-net-asset-value (mNAV) fall from 2.5 to 1.2, reflecting broader disinterest as institutions sit on the sidelines amid market volatility.
Delphi Digital: Institutional Crypto Appetite 'Evaporated,' Flows Down 90%
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