Bitcoin has been the “primary focus” for institutional investors, with BTC-related investment products accounting for 98% of inflows into digital asset products over the last 2 weeks, according to CoinSharesCo.
has been the “primary focus” for institutional investors over the last two weeks, according to Coinshares, as the cryptocurrency continues to hit new prihighs for 2023.that Bitcoin-related products saw $310.6 million of inflows over the last two weeks, representing the vast majority of crypto product inflows.
“Bitcoin remained the primary focus of investors [...] with the last 2 weeks inflows representing 98% of all digital asset flows,” said Butterfill.The last two weeks of inflows are a reversal from the previous nine consecutive weeks of outflows. Short Bitcoin products also experienced a minor outflow of $0.9 million over the last week.into cryptocurrency investment products, and comes amid a surge in Bitcoin’s price and dominance.
Bitcoin accounted for 98% of digital asset investment product inflows over the last fortnight. Source: CoinShares. Much of this surge has been pinned on BlackRock’s June 15 spot Bitcoin ETF application, followed by similar filings from the likes of
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