Posted 12/5/2023, 12:35:37 AM
Crypto Investment Products See Highest Inflows Since 2021 as Bitcoin ETF Hopes Rise
- Nearly $1.8 billion flowed into crypto investment products over the last 10 weeks, the highest since Bitcoin futures launched in October 2021
- Bitcoin (BTC) investment products were the "main beneficiary," recording $132.8 million of inflows last week
- The inflows come as spot Bitcoin ETF applications inch closer to potential approval in the U.S.
- Some Bitcoin futures-based products could be benefitting from recent excitement over approvals
- Early signs show institutional investors are speculating on ETF approval, with inflows to existing products like ProShares BITO ramping up