In a much-needed turnaround event, digital asset investment products saw another week of inflows, as per the latest report by CoinShares. After a $16 million worth of outflows that ended an 11-week run of inflows and saw $33 million outflows of Bitcoin, the inflows have renewed positive sentiment ahead of possible spot Bitcoin ETF approval in early January.
Bitcoin Records Over $87 Million Of Weekly Inflows
Crypto asset funds recorded weekly inflows of $103 million, revealed James Butterfill, head of research at CoinShares, on December 25. Despite a small increase, it is significant for the crypto market as spot Bitcoin ETF approval is just around the corner. The U.S. SEC met with spot Bitcoin ETF issuers many times last week.
Bitcoin recorded an $87.6 million inflows, pushing inflows in the last few weeks. Short-bitcoin also saw inflows of $0.4 million, with month-to-date inflows of $12.5 million. While some remain skeptical about the decision on spot Bitcoin ETF, new Bitcoin ETF adv
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