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"Record Inflows: Bitcoin ETFs and the Future of Crypto Funds"

1 min read
Source: CoinDesk
TL;DR

Last week, a record $2.5 billion flowed into crypto exchange-traded products, with bitcoin funds accounting for 99% of the inflows. BlackRock's IBIT and Fidelity's FBTC saw massive allocations, compensating for outflows from Grayscale's GBTC. The demand for bitcoin ETFs surged, with $2.4 billion flowing into digital asset investment products, indicating increasing interest in spot-based ETFs. Additionally, the wider crypto asset class also saw a record weekly inflow, with bitcoin dominating the inflows and ether products experiencing the second-largest inflow.

Topics:businesscryptocurrency-investment#bitcoin#blackrock#coinshares#cryptocurrency-investment#etfs#fidelity
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  1. Bitcoin ETFs See Record $2.4B Weekly Inflows; BlackRock's IBIT Leads: CoinShares  CoinDesk
  2. Crypto funds hit $2.5 billion weekly inflow record amid growing spot Bitcoin ETF interest  The Block
  3. Spot bitcoin ETF flows: Where the money is going  Yahoo Finance
  4. What Is The Future Of Bitcoin Futures?  Forbes
  5. Bitcoin ETFs now $2B up on inflows to date, led by BlackRock  Blockworks

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