Investors Flood Cryptocurrency with $103M, Anticipate US Bitcoin ETF Launch
December 25, 2023Investors 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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