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CoinShares report reveals this about Bitcoin led inflows, then and now
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ambcrypto.comProShares’ Bitcoin ETF hitting the market has legitimized crypto investments for many traditional investors. This development might also have triggered a record-breaking week of inflows, as well as helped the king coin reach a new all time high.
But one week later, is the momentum still going strong? CoinShares’ data reveals what took place.
CoinShares’ Digital Asset Fund Flows Weekly report for the week ending 29 October showed that the gigantic spike in inflows wasn’t renewed for its second season.
The report stated,
“The record-breaking previous week, following the US SEC permitting a Bitcoin futures ETF decision, was not repeated last week with only US$53m of inflows from US-based ETFs.”
This was a far cry from the week ending 22 October,
Read more on ambcrypto.comAbout this in other media
VanEck Bitcoin futures ETF to launch on CBOE on Nov. 16 cointelegraph.com /2 years ago
Citadel CEO explains why Ethereum will replace Bitcoin, in ‘next generation’ of crypto ambcrypto.com /2 years ago
Ken Griffin says Bitcoin will be replaced by Ethereum-based currency cointelegraph.com /2 years ago
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