Crypto Investment Funds See Largest Influx Since July 2022 on Optimism for Bitcoin ETF Approval
According to CoinShares, crypto investment funds received $326 million in net inflows last week, the largest amount since July 2022. The reason behind this influx is the increase in prices, which is believed to be due to growing optimism that the SEC will approve the first spot bitcoin ETF. While this is a significant gain, CoinShares notes that it is only the 21st largest weekly gain in the past three years, indicating that investors may still be cautious. Bitcoin funds accounted for 90% of all inflows, while funds holding ether continued to experience outflows.
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.
You may also like
Who is Patrice Evra, French football legend, set to speak at Token 2049 Dubai?
Elon Musk Takes Dig at Crypto Scammers Posing as “Hot Girls”
XRP Tops Weekly Crypto Inflows Despite Market Volatility
Polygon NFTs Surpass Ethereum In Weekly Sales Volume With Real-World Asset Surge

Trending news
MoreCrypto prices
More








