Bitcoin Funds Add Over 20,000 BTC as Price Surges and ETF Optimism Grows
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Bitcoin investment funds hold record 863,434 BTC according to ByteTree as spot ETF optimism spreads.
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Funds have added about 22,100 bitcoins over past month as price hits 18-month high of $37,960.
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Broader crypto funds see $767 million inflows over past 6 weeks, most since 2021 bull run.
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Inflows to digital asset funds top $1 billion so far this year, driven by bitcoin.
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Despite news, majority of financial advisors still believe spot bitcoin ETF approval not coming until 2025 or later.