Bitcoin ETF Hope Pushes Crypto Fund Investments to $1.5 Billion - Decrypt
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As long as there’s hope for a Bitcoin ETF, institutional investors keep pouring cash into crypto funds, according to a new report from CoinShares. The European digital asset manager clocked $346 million worth of deposits to crypto exchange-traded products (ETPs) last week. That’s the highest they’ve
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Institutional investors are continuing to invest in crypto funds as they hold out hope for a Bitcoin exchange-traded fund (ETF), according to a report from CoinShares. The European digital asset manager saw $346 million in deposits to crypto exchange-traded products (ETPs) last week, the highest amount in nine consecutive weeks of net inflows. Year-to-date deposits now total $1.5 billion. Of the inflows from institutional investors, $312 million, or 90%, went into Bitcoin-specific funds. As a result of these inflows and rising prices, the total value of assets under management in crypto funds has reached $45 billion.
Top Highlights
- As long as there’s hope for a Bitcoin ETF, institutional investors keep pouring cash into crypto funds, according to a new report from CoinShares.
- The European digital asset manager clocked $346 million worth of deposits to crypto exchange-traded products (ETPs) last week. That’s the highest they’ve been over 9 consecutive weeks of net inflows—bringing year-to-date deposits to $1.5 billion. Deposits into Bitcoin-specific funds accounted for $312 million, or 90%, of the inflows from instituti...
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