Galaxy

Bitcoin

<h2 id="quick-take">Quick Take</h2> 
Recent data shared by <a href="https://x.com/PillageCapital/status/1716564822303572408?s=20">Pillage Capital</a> from Bloomberg data reveals a remarkable surge in Bitcoin investments by public funds, identifying a single-day inflow of approximately $43 million. 
This considerable sum represents a substantial 10% of the total year-to-date <a href="https://cryptoslate.com/inflows-into-digital-assets-rise-340-week-on-week-in-anticipation-of-us-spot-bitcoin-etf-report/">inflow</a> in just a single day, signifying a growing interest in cryptocurrency investments. 
Over the past week, the inflow <a href="https://cryptoslate.com/insights/potential-approval-of-bitcoin-etf-drives-otc-sales-as-digital-asset-inflows-surge-across-board/">reached</a> $66 million, with the past month seeing a total of $145 million funneled into Bitcoin. The substantial year-to-date figure stands at $428 million, underscoring the continued confidence in Bitcoin as a viable investment. 
A significant portion of these inflows were directed toward Bitcoin Exchange Traded Products (ETPs), with 21Shares Bitcoin ETP receiving the most inflows at $12 million. Close behind was the CI Galaxy Bitcoin ETF, which saw an influx of around $11 million, further demonstrating the increasing popularity of these innovative financial products. 
This surge in inflows indicates a potential shift in traditional investment strategies, with a growing emphasis on digital assets. 
<figure style="width: 100%" class="wp-caption alignnone">
 <img src="https://pbs.twimg.com/media/F9J2nAXW0AA91av?format=png&amp;name=900x900" alt="Bitcoin inflows:(Source: @PillageCapital)" width="830" height="444">
 <figcaption class="wp-caption-text">
 Bitcoin inflows:(Source: @PillageCapital)
 </figcaption>
</figure> 
The post <a rel="nofollow" href="https://cryptoslate.com/insights/public-funds-invested-43-million-into-bitcoin-in-a-single-day-representing-10-of-the-years-total/">Public funds invested $43 million into Bitcoin in a single day, representing 10% of the year’s total</a> appeared first on <a rel="nofollow" href="https://cryptoslate.com">CryptoSlate</a>.

Public funds invested $43 million into Bitcoin in a single day, representing 10% of the year’s total

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