"Investors Pour Nearly $600M into Bitcoin ETFs, Driving Spot Market Surge"

TL;DR Summary
Digital-asset investment products saw inflows of nearly $600 million last week, with year-to-date inflows exceeding $5.7 billion, driven by the new U.S. spot Bitcoin ETFs. Funds from asset managers like Ark Invest, Bitwise, BlackRock, Fidelity, Grayscale, ProShares, and 21Shares registered their fourth consecutive week of inflows. Bitcoin-based funds led the inflows, while Ether, Chainlink, and XRP investment products also saw significant inflows. However, Solana investment products witnessed outflows due to the network's recent downtime. Additionally, blockchain equities saw continued outflows, indicating caution among equity investors.
- Crypto investment products saw inflows of nearly $600 million last week led by spot Bitcoin ETFs The Block
- Bitcoin hits 2-year high as crypto fund inflow nears $600M Cointelegraph
- Bitcoin Investment Products Saw Inflows of $570M Last Week: CoinShares CoinDesk
- The winners and losers in the bitcoin ETF world, one month in Axios
- Spot Bitcoin ETF cumulative trading volume exceeds $50 billion The Block
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