Report that crypto funds had largest single week of inflows in over a year: ETF optimism

CoinShares data being cited for the reports that crypto-focused funds had the largest single week of inflows in over a year. This comes amidst the feverish optimism that a U.S. spot bitcoin exchange-traded fund will soon get approved by the US Securities and Exchange Commission.

From reports:

  • digital asset investment products logged inflows of $326M for the week ended October 27
  • most since July 2022 (and 21st largest on record)
  • Bitcoin funds accounted for 90% of the inflows
  • there was also inflows of $15M into short-BTC products

An ETF that invests directly in bitcoin looks poised to be approved by the U.S. Securities and Exchange Commission.

Bitcoin update:

This article was written by Eamonn Sheridan at Source