Institutional Investors Are Still Pouring Cash Into Crypto Funds, $312 Million for Bitcoin-Adjacent Options
According to a report from CoinShares, institutional investors continue to invest in crypto funds in the hopes of a Bitcoin ETF approval. Last week, $346 million was deposited into crypto exchange-traded products (ETPs), marking the highest inflows in nine consecutive weeks. Bitcoin-specific funds accounted for $312 million of the inflows, bringing the total value of assets under management in crypto funds to $45 billion.
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Institutional Investors Are Still Pouring Cash Into Crypto Funds, $312 Million for Bitcoin-Adjacent Options
According to a report from CoinShares, institutional investors continue to invest in crypto funds in the hopes of a Bitcoin ETF approval. Last week, $346 million was deposited into crypto exchange-traded products (ETPs), marking the highest inflows in nine consecutive weeks. Bitcoin-specific funds accounted for $312 million of the inflows, bringing the total value of assets under management in crypto funds to $45 billion.