Investors are adding to their Bitcoin Exchange Traded Product (ETP) positions as weekly inflows hit their highest levels since June 2022. As BlackRock files for a spot Bitcoin Exchange Traded Fund (ETF) with the Securities and Exchange Commission (SEC), sentiment has shifted in the crypto market. Bitcoin Records Largest Single Weekly Inflows According to CoinShares, digital asset investment products recorded inflows of $199 million last week. Last week’s inflow managed to offset nearly half of the nine previous weeks of continuous outflows. Source: CoinShares That said, the crypto market received the highest inflows in the past 12 months. But most
After experiencing outflows for four consecutive weeks, US spot Bitcoin exchange-traded funds (ETFs) have marked a notable shift in momentum, witnessing net inflows once again. According to recent data from CoinShares, digital asset investment products have seen inflows totaling $130 million for the first time in five weeks. This change…
In a recently published report by CoinShares, analyst James Butterfill delves into the relationship between inflows into Bitcoin exchange-traded funds (ETFs) and changes in the Bitcoin price. The report addresses the critical question of how much inflow into ETFs could be anticipated upon launching a Bitcoin spot ETF in the…