Bitcoin ETFs See Record $2.4B Weekly Inflows; BlackRock’s IBIT Leads: CoinShares
Inflows significantly accelerated last week, indicating increasing demand for new spot-based ETFs, CoinShares’ head of research James Butterfill said.
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Crypto Funds
Inflows significantly accelerated last week, indicating increasing demand for new spot-based ETFs, CoinShares’ head of research James Butterfill said.
Crypto investment funds last week attracted their largest inflow this year, extending their strongest run since the 2021 bull market as anticipation for a spot bitcoin [BTC] exchange-traded fund (ETF) continued to entice investors.
Ethereum related products witnessed the largest amount of inflows since August 2022.
Bitcoin funds attracted most of the demand, while ether funds saw their largest inflows since August 2022.
Ether-based funds continue to fall out of favor, with outflows for the year now totaling $125 million.
Digital asset investment products recorded outflows last week for the first time since mid-June, CoinShares reported.