Investors piled into Bitcoin investment funds and crypto ETPs, with more than $1 billion in inflows over the last week.
Bitcoin exchange-traded products were again the top choice for institutional investors during the week ending Sept. 27 as capital flowed into crypto funds following BTC’s recovery above $66,000.
According to the latest report by CoinShares published on Sept. 30, crypto asset investment products saw a third consecutive week of inflows totaling $1.2 billion for the Sept. 23 and Sept. 27 week.
According to the report, the largest share of capital flows went into Bitcoin (BTC) investment products, attracting $1 billion in inflows in the last seven days, or around 87% of the total. Bitcoin funds also led on monthly performance with $1.1 billion in inflows in September, bringing the total assets under management (AuM) to $74.6 billion.
