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!

Sharing is Caring!
  • 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.

See also  US Federal Appeals Court Rejects President Biden's $400 Billion Bid To Reinstate His Student Debt Relief Plan

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.

See also  FTX seed + series A, B, C investors

Views: 9

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.