Crypto Fund Inflows Top $1 Billion in 2023 as Investor Sentiment Improves
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Fresh investor demand has pushed crypto fund inflows over $1 billion so far in 2023, per CoinShares data.
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Bitcoin and Ethereum products have seen most of the new investment, with BTC at $1.03 billion.
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Inflows follow a down 2022 amid crypto firm blowups; sentiment now changed with big investors buying.
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Anticipation of a Bitcoin spot ETF driving recent BTC price rally above $37K.
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Ethereum seen as deflationary, high-yield asset; its fund outflows shrunk by $30 million recently.