Bitcoin ETFs See a Glimmer of Hope as Inflows Hit a 6-Week High
Nearly $300 million entered the funds on Monday.
Nearly $300 million entered the funds on Monday.
CoinShares says these outflows, coupled with the market dip, have reduced the total assets under management for crypto investment products
The light for ETH was nowhere to be seen, though.
Out of 12 trading days since February 10, spot Bitcoin ETFs in the United States have recorded just $66 million
Spot Bitcoin ETFs in the U.S., having bled for most days in February, have now recorded their largest daily outflow
Bybit's exploit, Trump's implementation of trade tariffs against Mexico and China, ETF outflows, and concerns about rising inflation have all
Over $1.1 billion has left the ETFs since February 6.
The FSA's move to classify crypto assets as securities may lead to new ETF approvals.
The ETH ETF inflows are on a multi-day positive streak, unlike the BTC products.
The Trump family’s crypto ambitions are growing as its media arm has plans to launch crypto-related investment funds.Â