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LPL Financial lifts Bitcoin ETF stake by 50% to $261 million

LPL Financial lifts Bitcoin ETF stake by 50% to $261 million
AI summary

LPL Financial raised its Bitcoin ETF position by 50%, bringing the stake to $261 million. The move by a large wealth-management firm points to growing mainstream institutional acceptance of crypto exposure. Traders may read it as steady demand from advisory channels, which supports Bitcoin sentiment even if the dollar amount is modest relative to total ETF flows.

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