Posted 11/27/2023, 8:31:59 PM
Bitcoin Funds Attract $312M in Institutional Investor Inflows Amid Crypto Rebound and Spot ETF Hopes
- Institutional investors poured $346M into crypto exchange-traded products (ETPs) last week, bringing 2023 year-to-date inflows to $1.5B
- Bitcoin funds received 90% ($312M) of last week's inflows
- Assets under management in crypto funds now total $45B thanks to rising prices and inflows
- There is hope that the SEC may soon approve a spot Bitcoin ETF, which would track Bitcoin's real-time price
- CoinShares obtained an option to acquire Valkyrie's ETF business, a firm that has applied for a Bitcoin ETF