Crypto products see 4th week of inflows amid race for Bitcoin ETFs: CoinShares
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Crypto investment products have recorded four weeks of inflows, as the market eagerly awaits the possible approval of a spot Bitcoin (
More recently, interest in a spot Bitcoin ETF surged late on Oct. 23 amid “positive signs” that BlackRock’s ETF was a step closer to approval and a U.S. Appellate Court issued a mandate to the Securities and Exchange Commission to review Grayscale’s spot Bitcoin ETF filing.
The moves sparked a Bitcoin rally which saw it gain 14% over the past 24 hours and briefly hit $34,000 for the first time since May 2022.
The price jump also saw over $193 million in Bitcoin short liquidations in the past 24 hours, according to CoinGlass data.
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