{"id":196605,"date":"2023-12-05T01:39:11","date_gmt":"2023-12-05T01:39:11","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=196605"},"modified":"2023-12-05T01:39:11","modified_gmt":"2023-12-05T01:39:11","slug":"bitcoin-the-main-beneficiary-as-crypto-funds-notch-10-week-streak","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/crypto\/bitcoin-the-main-beneficiary-as-crypto-funds-notch-10-week-streak\/","title":{"rendered":"Bitcoin the \u2018main beneficiary\u2019 as crypto funds notch 10-week streak"},"content":{"rendered":"

Bitcoin (BTC)-related investment products have become the \u201cmain beneficiary\u201d of recent investor interest in crypto, amid growing anticipation of a spot Bitcoin ETF approval in the United States. <\/p>\n

A total of $1.76 billion of investors\u2019 funds have flowed into crypto products over a 10-week period,making up for the largest inflows over such a period since October 2021 \u2014 when Bitcoin futures launched, according to a Dec. 4 report from CoinShares\u2019 head of research James Butterfill.<\/p>\n

CoinShares\u2019 weekly reports over the past 10 weeks shows at least $1.44 billion of inflows went to Bitcoin investment products over the period, as the price of Bitcoin has gained from $26,600 to $37,700 on Dec. 1.<\/p>\n

Meanwhile, the latest week ending Dec. 1 saw $176.3 million worth of inflows into crypto investment products. Bitcoin (BTC) investment products were the \u201cmain beneficiary,\u201d said Butterfill, recording $132.8 million of inflows over the past week, while Ether (ETH) and Solana (SOL) products tallied $30.8 million and 4.3 million, respectively.<\/p>\n

<\/p>\n

Related: <\/em><\/strong>Bitcoin prices should \u2018logically\u2019 correct in January, but crypto\u2019s a \u2018wild card\u2019 <\/em><\/strong><\/p>\n

The inflows come as spot Bitcoin ETF applications are inching closer toward potential approval in the U.S. <\/p>\n

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.<\/p>\n

“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.\u201d<\/p>\n

Magazine:<\/em><\/strong> <\/em><\/strong>Crypto City Guide to Helsinki: 5,050 Bitcoin for $5 in 2009 is Helsinki\u2019s claim to crypto fame<\/em><\/strong><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC)-related investment products have become the \u201cmain beneficiary\u201d of recent investor interest in crypto,…<\/p>\n","protected":false},"author":4,"featured_media":196604,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nBitcoin the \u2018main beneficiary\u2019 as crypto funds notch 10-week streak - Tokens Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tokenstalk.info\/crypto\/bitcoin-the-main-beneficiary-as-crypto-funds-notch-10-week-streak\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin the \u2018main beneficiary\u2019 as crypto funds notch 10-week streak - Tokens Talk\" \/>\n<meta property=\"og:description\" content=\"Bitcoin (BTC)-related investment products have become the \u201cmain beneficiary\u201d of recent investor interest in crypto,...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tokenstalk.info\/crypto\/bitcoin-the-main-beneficiary-as-crypto-funds-notch-10-week-streak\/\" \/>\n<meta property=\"og:site_name\" content=\"Tokens Talk\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-05T01:39:11+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tokenstalk.info\/wp-content\/uploads\/2023\/12\/Bitcoin-the-\u2018main-beneficiary-as-crypto-funds-notch-10-week-streak.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tokenstalk.info\/crypto\/bitcoin-the-main-beneficiary-as-crypto-funds-notch-10-week-streak\/\",\"url\":\"https:\/\/tokenstalk.info\/crypto\/bitcoin-the-main-beneficiary-as-crypto-funds-notch-10-week-streak\/\",\"name\":\"Bitcoin the \u2018main beneficiary\u2019 as crypto funds notch 10-week streak - 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