1407 GMT - Stronger demand from institutions and rising interest in bitcoin exchange-traded funds, or ETFs, are helping to boost bitcoin, Zaye Capital Markets' Naeem Aslam says. Bitcoin rises around 2% to a three-month high of $81,680, LSEG data show. Stronger institutional demand is coming from higher spot bitcoin ETF inflows, regulated asset-manager products, public-company buying, and bitcoin reserve discussions, he says. "The strongest proof is ETF flow data because it shows real money entering regulated bitcoin vehicles." However, this is still mostly investment demand rather than payment demand, he says. Bitcoin has become less volatile than previously but it is still volatile compared with stocks, bonds or gold and therefore relatively risky, he says. (jessica.fleetham@wsj.com)
(END) Dow Jones Newswires
May 05, 2026 10:07 ET (14:07 GMT)
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