Institutional investors now hold $72 billion of $2,600 billion so at least 2.8% of the crypto market cap is legit! That’s larger than Tether’s $70 billion market cap, too! FUD destroyed! The ETF will make Bitcoin moon!

  • Crypto assets under management hit a record $72.32 billion in the week to Friday ahead of this week’s ETF launch, CoinShares said.
  • Bitcoin saw inflows of $69.6 million in the latest week, the fifth week in a row of net increases.
  • ProShares’ Bitcoin Strategy ETF backed by bitcoin futures starts trading on Tuesday.

Institutional investors now hold a record amount of crypto assets under management, after a fifth straight week of inflows into bitcoin-backed products ahead of the launch of the world’s first futures ETF, according to weekly data from CoinShares on Tuesday.

In the week to October 15, total assets under management reached a record $72.32 billion, driven mostly by an inflow of $69.6 million into bitcoin, marking the fifth straight week of flows into the world’s largest cryptocurrency, CoinShares said.

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