Bitcoin $BTC funds registered $104 million inflow last week, CoinSharesCo says Bitcoin
As such, Bitcoin accounts for over 92% of net inflows to the digital assets fund. Other major cryptocurrencies available from the largest funds also printed positive inflows. Solana -based and multi-asset funds registered outflows of liquidity, while Tron-based products remained untouched.
This is the fourth week for crypto-based funds to register positive inflows of money. During this impressive run, $345 million were invested in mentioned funds; $310 million came to Bitcoin-based products.Continued bullishness in Bitcoin, with US$104m inflows last week. As a result, this major indicator almost managed to erase losses caused by regulatory uncertainty in Q1, 2023, when it was losing steam for six consecutive weeks.Surprisingly, Ethereum-based funds registered negligible inflows of $0.3 million; investors were super cautious about the effects of the much-anticipated Shapella upgrade.However, it was not all roses for Bitcoin ; $14.
Digital assets funds are regulated investment vehicles for investors interested in being exposed to cryptocurrency price dynamics but not willing to hold"physical" cryptocurrency directly. In the last week, ProShares Bitcoin and CoinShares Physical funds were the most attractive for investors.
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