"Bitcoin ETFs: Assessing the Impact of $200M Outflow and $14 Billion Year-to-Date Growth"
TL;DR Summary
CoinShares reports that inflows into major cryptocurrency funds have reached a record high of $13.8 billion for 2022, with Bitcoin being the main focus. Despite the approval of 11 Bitcoin ETFs in January, investor enthusiasm for these products is "moderating." While Grayscale's Bitcoin Trust has experienced outflows, funds like BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund continue to attract investments. Additionally, European crypto funds saw inflows for digital assets like Solana and Litecoin, while Ethereum funds experienced outflows for the fourth consecutive week.
- Bitcoin ETF Hype May be ‘Moderating’ as Year-to-Date Growth Nears $14 Billion Decrypt
- Bitcoin ETFs see surprise $200M outflow — Will the new $69K support hold? Cointelegraph
- Crypto inflows slower but positive: The calm before the halving storm? Kitco NEWS
- Grayscale Bitcoin trust sheds roughly 300000 BTC since ETF launch CryptoSlate
- Bitcoin boosts the market: A whopping $13.5 billion inflow in 2024 AMBCrypto News
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