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

1 min read
Source: The Block
"Investors Pour Nearly $600M into Bitcoin ETFs, Driving Spot Market Surge"
Photo: The Block
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.

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