As a researcher with a background in financial markets and digital assets, I find the recent trend of institutional investors pouring into Bitcoin ETFs intriguing. After several weeks of outflows due to market volatility, it’s encouraging to see capital flowing back into these investment products. With a total inflow of $274 million in one week alone, it’s clear that institutional demand for Bitcoin remains strong.
Institutional investors have recently resumed purchasing Bitcoin ETFs following the cryptocurrency market’s rebound. After five consecutive weeks of withdrawals, these digital asset investment products experienced net inflows totaling $130 million during the week ending on May 6. Specifically, Bitcoin-focused funds received approximately $144 million in new investments.
In April, there was a large increase in the amount of money flowing into investments, yet the weekly trading volumes for these products decreased. The average trading volume during this period reached $17 billion. However, by the week ending May 10, this figure had dropped dramatically to just $8 billion.
In terms of regional contributions, the United States led with a total of $135 million, while Switzerland followed closely behind with $14 million.
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2024-05-15 02:44