Crypto investment products see $147M outflows after 3-week inflow streak
The outflows from crypto investment products in the last week followed a series of inflows totaling nearly $2 billion in the previous three weeks.
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The outflows from crypto investment products in the last week followed a series of inflows totaling nearly $2 billion in the previous three weeks.
The outflow has reversed an eight-day trend of consecutive inflows totaling $1.4 billion.
The filing signals progress towards a possible spot cryptocurrency index ETF listing in the US.
Cryptocurrency ETFs saw inflows exceeding $20 billion in 2024, according to Morningstar.
The ETFs add leverage to Microstrategy’s already levered-up Bitcoin strategy. Investors can’t seem to get enough.
A more “sustained” run of spot Bitcoin ETF inflows may counteract the Bitcoin “spot market buying slowing,” says Bitfinex analysts.
They could potentially spark “explosively recursive” price upside for Bitcoin, according to one investment manager.
BlackRock and ETFs have saved “BTC’s price from the abyss repeatedly,” according to Bloomberg’s senior ETF analyst.
Digital asset investment products posted a second consecutive week of inflows last week, totaling $321 million, CoinShares reported.
The SEC notice seemed to be an industry first after the commission approved the listing and trading of spot Bitcoin exchange-traded funds on US exchanges […]
