Riding on the spot Bitcoin ETF sentiments, top asset management firms including 21Shares, CoinShares, Bitwise, Grayscale, and ProShares have seen huge crypto funds inflows in the last couple of weeks.
Bitcoin ETF Fueled Uptrend Touches $346M
The total amount of inflows into these firms was approximately $346 million and according to CoinShares, this is the largest surge that the market has seen since the bull run of 2021. This was after the market recorded an addition of $176 million the week before. So far, there have been nine weeks of consecutive bull run and this brings the Year-to-Date (YTD) institutional inflows to over $1.5 billion.
CoinShares Head of Research James Butterfill strongly believes that the recent inflow is being fueled by the anticipation for spot Bitcoin ETF approval from the United States Securities and Exchange Commission (SEC).
“The combination of price rises and inflows have now pushed up total assets under management (AuM) to US$45.3bn, the highest in ov
We współpracy z: https://coingape.com/bitcoin-etf-sentiment-fueled-largest-capital-inflow-since-2021/
