
Last week, the cryptocurrency investment sector experienced significant growth with $598 million in net inflows into digital asset investment products. This marks the fourth consecutive week of positive inflows, bringing the year-to-date total to over $5.7 billion. The United States led these inflows with $610 million, despite Grayscale experiencing $436 million in outflows. Bitcoin-based investment products, particularly spot Bitcoin ETFs, were the primary contributors, accounting for more than 85% of the total inflows. Bitcoin ETFs notably purchased nearly twice the new supply of Bitcoin last week, indicating strong market demand. Additionally, a record amount of Bitcoin is being withdrawn from exchanges, further highlighting the increasing investor interest in cryptocurrency.
Bitcoin Funds Gain $600M as ETFs Remain Hot Despite Slight Slowdown ► https://t.co/YWPhJyHVJg https://t.co/YWPhJyHVJg
Inflows to crypto investment products topped $598 million last week, with the bulk of the funds being directed to Bitcoin. @NancyOmanga explores which assets institutional investors are most focused on. https://t.co/C2CtGfOYC8 https://t.co/DOW5MzwvO0
The #Bitcoin and #Ether markets are looking positive 📈 Bitcoin ETFs saw $600M inflows last week and record amounts of BTC are leaving exchanges 🔥 Read more in Bitfinex Alpha: https://t.co/FqG1WJCA2v https://t.co/TyHnVQKF29






