Bitcoin Fund Inflows Hit Record $13.8B in 2023 But May Cool Off Soon

Bitcoin's price is up big this year due to large amounts of cash hitting crypto funds, but inflows may slow down soon according to CoinShares
Total inflows into major digital asset investment funds so far this year have reached a record $13.8 billion
Bitcoin was the main focus of recent inflows, though enthusiasm seems to be moderating
Outflows from Grayscale's GBTC Bitcoin fund are expected to slow after investors quickly redeemed shares when it converted to an ETF
Bitcoin's price is currently around $71,700, below its March all-time high of $73,737