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Bitcoin (BTC)-related investment products have become the “main beneficiary” of recent investor interest in crypto, amid growing anticipation of a spot Bitcoin ETF approval in the United States.
A total of $1.76 billion of investors’ funds have flowed into crypto products over a 10-week period, making up for the largest inflows over such a period since October 2021 — when Bitcoin futures w launched, according to a Dec. 4 report from CoinShares’ head of research James Butterfill.
Record inflows! Last 10 weeks now total U$1.76bn inflows, the highest on record since October 2021’s futures-based ETF launch in the US.
Week 49 inflows: U$176 million
– #Bitcoin –$BTC: U$133m…
Read more on Cointelegraph