Crypto investors cool on Bitcoin funds, turning to Ether and XRP
1 min read
Bitcoin-related investment products appear to have lost some of their sheen among crypto investors, recording its first week of outflows since
Bitcoin however still remains the dominant digital asset investment product, with $558 million in inflows so far in 2023 and a total of $25.0 billion in assets under management — amounting to 67.4% of the total market share.
BTC is currently priced at $29,128, down 3.1% over the last 24 hours.
Over the last month, a host of financial institutions have filed for Bitcoin spot Exchange Traded Fund applications with the SEC since mid-June, including BlackRock, ARK Invest, Fidelity, Galaxy Digital, VanEck, Valkyrie Investments, NYDIG, SkyBridge and WisdomTree.
Magazine: Should you ‘orange pill’ children? The case for Bitcoin kids books
