Investors Flood Cryptocurrency with $103M, Anticipate US Bitcoin ETF Launch

December 25, 2023
Investors Flood Cryptocurrency with $103M, Anticipate US Bitcoin ETF Launch
  • Investors invested $103 million into cryptocurrency products last week, with Bitcoin-related products receiving the most at $87.6 million.

  • The anticipation of a Bitcoin ETF launch in the US has been driving these investments.

  • The SEC has set a deadline for companies to amend their filings by December 29th.

  • Other cryptocurrencies such as Ethereum, Solana, and Cardano also saw significant inflows.

  • Germany had the highest inflows by region, followed by Canada, the United States, and Switzerland.

  • Institutional interest in the cryptocurrency market remains strong.

  • A decision on the Bitcoin ETF application is expected in January.

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