Strategy just scored 25 big banks on Bitcoin adoption: 34% in Q3, up from 32% in Q2.

The index covers trading, custody and tokenization.

Meanwhile spot BTC ETFs lost about $1.28B last week. Institutions are building the pipes even as ETF buyers step back.

My take: slow infrastructure progress and weekly flows are two different clocks. The first is a multi-year story, the second drives the price this week.

Which matters more for $BTC into the next 6 months: bank adoption or ETF flows?

#Bitcoin #BTC #Institutional #Strategy