Bitcoin the ‘main beneficiary’ as crypto funds notch 10-week streak
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Bitcoin
The inflows come as spot Bitcoin ETF applications are inching closer toward potential approval in the U.S.
Some Bitcoin futures-based products could be reaping benefits of the recent excitement over approvals, said James Edwards, cryptocurrency analyst at fintech firm Finder in a previous interview with Cointelegraph.
“Early signs are that institutional investors are already speculating on the ETF approval, with inflows to existing Bitcoin futures ETFs like ProShares BITO ramping up in the past few days to break 2021 records.”
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