Bitcoin inflows have reached a record $6.4 billion since 2021
Spark Global Limited reports:
A record $6.4 billion has flowed into bitcoin products and funds so far this year, according to digital asset manager CoinShares, as investors buy cryptocurrencies amid broader government acceptance and positive momentum.
Bitcoin inflows totaled $95 million last week, making it the largest of any digital asset, according to CoinShares on Monday. During bitcoin’s eight-week bull run, inflows totaled $2.8 billion.
Data from CoinShares through Nov. 5 showed inflows of $174 million into overall cryptocurrency products and funds, marking the 12th consecutive week of institutional investor inflows.
[Source: Spark Global Limited]