Crypto product inflows spike amid bitcoin ETF optimism

Last week’s inflows into digital asset investment products hit a level not seen in 15 months.

The inflows into such vehicles hit $326 million, according to CoinShares data — the most since July 2022. Bitcoin products saw 90% of the inflows.

The move comes amid a persistent rally in the price of bitcoin. James Butterfill, CoinShares head of research, attributed the inflows spike in part to improving sentiment around the prospect of the US Securities and Exchange Commission greenlighting a spot bitcoin ETF. 

“While positive for Bitcoin, this weekly inflow ranks as only the 21st largest on record, suggesting continued restraint amongst investors,” Butterfill said in a Monday blog…

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