CoinShares Ltd’s data shows that Bitcoin ETFs have had inflows for four straight weeks, adding up to $3.1 billion. This investment wave coincides with the cryptocurrency’s highest price in more than a month.
Just last week alone, Bitcoin ETFs received an inflow of $1.27 billion, which is indicative of increased investor interest. After losing $1.2bn in two weeks, the trend demonstrates how sentiment toward market has changed significantly hence causing Bitcoin ETFs to lose money recently.
The rise of Bitcoin ETFs underscores the growing attraction surrounding cryptocurrency based investments
