Investors Flood Crypto Funds with Cash, Bitcoin Inflows Reach 10-Week High
Serious investors are investing heavily in Bitcoin funds, with the biggest 10-week inflows since the 2021 bull run. Digital asset fund manager CoinShares reported that last week, money going into crypto investment products hit $176 million, reaching a 10-week total of $1.76 billion. The inflows were last this high in October 2021 when the first-ever Bitcoin futures exchange-traded fund hit the American market. Analysts speculate that a bull run may be on its way, with hype around the potential approval of a spot Bitcoin ETF leading investors to pour money into the space.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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