Bitcoin ETF Optimism Spurs Largest Asset Inflows Since Late 2021
- Digital asset products saw largest inflows in 9-week run
- Year-to-date inflows for Bitcoin reached over $1.5 billion
Bitcoin products raked in $312 million last week, pushing inflows to over $1.5 billion since the start of the year.
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Anticipation of an eventual US spot Bitcoin exchange-traded fund has helped to spur inflows into digital-asset investment products for a ninth consecutive week, the largest run since the crypto bull market in late 2021.
Those products, such as trusts and exchange-traded products, saw inflows of $346 million last week, with Canada and Germany contributing to 87% of the total, according to CoinShares. Only $30 million came from the US, a sign of continued low participation from the country, the asset-management firm said in a report on Monday.