Bitcoin BTC/USD is trading at $101,734.09, seeing a 3.17% dip over the past 24 hours. The price decline is contrary to the wave of news highlighting a massive rise in institutional embrace of Bitcoin from Trump Media and Technology Group Corp DJT, JPMorgan Chase & Co. JPM, and SolarBank Corp SUUN .
Trump Media and Technology Group Corp filed a registration statement with the SEC, intending to allocate a major proportion of the recently raised capital to a Bitcoin treasury reserve. The company has raised $2.3 billion from nearly 50 institutional investors.
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Trump Media plans to allocate nearly $56 million worth of shares towards equity. $29 million will be allocated for shares that may be related to convertible notes. The registration mentions the universal shelf, which will permit DJT to issue new securities without the concerns of immediate undertakings. The company's CEO highlighted the intention to expand and rise strategically with this powerful move.
JPMorgan is making a move into the cryptocurrency sector by allowing clients to use shares of spot Bitcoin exchange-traded funds (ETFs) as collateral for loans. The policy, set to launch in the coming weeks, will initially focus on BlackRock's BLK iShares Bitcoin Trust IBIT, the largest U.S. spot Bitcoin ETF with over $70 billion in assets under management
The movement points to a shift for the largest U.S. bank by assets, given CEO Jamie Dimon's skepticism for Bitcoin. The policy may expand to include other spot Bitcoin ETFs, and will be in effect for all client categories. It is expected to boost liquidity and bring relaxation to borrowing limitations, further enhancing Bitcoin's role in traditional financial spaces.
Elsewhere, SolarBank Corp, a renewable energy company, is planning to convert net cash from solar projects into Bitcoin. It includes the utilization of clean energy revenue for purchasing BTC as a reserve asset. The movement embraces the transformation of clean energy, ‘sunlight' to ‘digital gold'.
The first quarter of 2025 sheds light on the decrease in institutional support for Bitcoin ETFs. Regulatory filings highlight that many firms, including Millennium Management LLC, and Brevan Howard, have declined their holdings. Both firms were supporters of crypto ETFs since the US adoption in 2024.
The setback is triggered by a lack of arbitrage opportunities that earlier made Bitcoin ETF trading lucrative. It indicates that few institutional players are still apprehensive while calculating the risk appetite and reward outlook.
The mixed sentiments are reflected in the volatility of BTC price action. Technical indicators show short-term bearish momentum, with the RSI value at 42. BTC price decline of 3.17% in the past 24 hours highlights the caution with which traders are moving ahead.
Despite the affirmative moves from companies such as Trump Media, JPMorgan, and SolarBank, the market momentum is facing friction. Q1 2025 filings reveal the fatigue in institutional interest by several firms. With BTC price action showcasing a decline, investors are awaiting some positive news.
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