Investment products tied to cryptocurrencies registered their third consecutive week of inflows, with Bitcoin emerging as the biggest winner. Data from CoinShares shows that crypto investment products saw another week of net inflows. Last week, they saw a total inflow of $2.02 billion, bringing the total inflows over the past three weeks to $5.5 billion. …
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The institutional demand for Bitcoin through ETFs has reached an unprecedented level, creating a net imbalance with the production of new digital currency. Between April 28 and May 2, US ETFs purchased as much as 18,644 BTC, an amount almost six times greater than the 3,150 BTC produced by miners in the same period. This …
