Spot bitcoin ETFs dominated the market of crypto investment products last week with $1.1 billion of inflows, CoinShares said.
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. BlackRock and Fidelity have been leading the pack with $693.6 million and $522.6 million of inflows last week, respectively, according to CoinShares.
Total assets under management for crypto investment products reached the highest point since early 2022 at $59 billion, according to CoinShares’ data. Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin ETFs ArchivesBitcoin ETF Data and Charts for Spot and Futures ETFs provided by The Block.
Read more »
New spot bitcoin ETFs amass 200,000 BTC in less than one month of tradingThe nine newborn U.S. spot bitcoin ETFs, excluding Grayscale’s converted fund, now hold over 200,000 BTC, according to K33 Research.
Read more »
Bitcoin Tops $47K as Spot Bitcoin ETFs Book One of Their Best DaysKrisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.
Read more »
Bitcoin ETFs Pump $500 Million Amid BTC Price RallyBitcoin ETFs propel $500 million surge as BTC price hits local high
Read more »
Here Are the Records Set by the Bitcoin ETFs by BlackRock and FidelityCrypto Blog
Read more »
Ether call options concentrate at $4,000 for June expiry on DeribitThe largest cluster of ether call options is for June's expiry date, which comes after an important deadline related to spot Ethereum ETFs.
Read more »