Spot bitcoin ETFs saw $1.1 billion of inflows last week, CoinShares says
Spot bitcoin ETFs saw $1.1 billion of inflows last week, CoinShares says
Spot bitcoin exchange-traded products launched in January led crypto investment products with the largest inflows last week, crypto asset manager CoinShares said in a report on Monday.
Bitcoin ETFs saw $1.1 billion of inflows last week for a cumulative total of $2.8 billion since their launch on Jan. 11, CoinShares said. That’s the highest weekly inflow level since the inception of bitcoin spot ETFs, according to The Block’s data.
Since January, the new ETFs have collectively amassed over 192,000 BTC in their custody.
BlackRock and Fidelity have been leading the pack with $693.6 million and $522.6 million of inflows last week, respectively, according to CoinShares. Bitcoin-related products received the vast majority of inflows, with Ethereum and Cardano trailing behind in second and third place.
Assets under management
Products allowing traders to short bitcoin, on the contrary, saw minor outflows of $0.4 million last week.
Total assets under management for crypto investment products reached the highest point since early 2022 at $59 billion, according to CoinShares’ data.
News
-
IRS anticipates more crypto-related tax crime as filing deadline looms
Admin
15 Apr 2024 в 12:100 -
Crypto wallet Zerion is building a Layer 2 network that aims to offer zero fees
Admin
16 Mar 2024 в 11:530 -
Security infrastructure firm Firewall raises $3.7 million in pre-seed funding
Admin
10 Mar 2024 в 12:510