Bitcoin Funds See $61 Million Inflow as Investors Await U.S. Spot ETF

Publicly traded crypto funds gained over $61 million in new capital on Monday, accounting for 10% of all deposits this year. Nearly all went to Bitcoin funds.

Inflows primarily came from Germany and Canada which have spot Bitcoin ETFs. Little activity from U.S. investors waiting on a physical Bitcoin ETF.

Germany's ETC Group and Canada's Purpose Investments received the most inflows at $24.3 million and $10.9 million respectively.

Products from 21Shares AG absorbed another $11.8 million as investors anticipate a spot Bitcoin ETF in the U.S. market.

Follows a week where Bitcoin funds only absorbed $55.3 million, underscoring Monday's surge in interest.