United

Bitcoin ETF

Bitcoin

<p>Institutional investors are in the process of buying Bitcoin ETFs due to the cryptocurrency market’s recovery.&nbsp;</p> 
<p>After five weeks of outflows, the digital asset investment products started to attract inflows again with a total amount of $130 million that was recorded during the week ending on May 6. The Bitcoin investment funds alone got $144 million of inflows.</p> 
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 <figure class="aligncenter size-full">
  <img decoding="async" width="694" height="431" src="https://www.cryptotimes.io/wp-content/uploads/2024/05/pasted-image-0.png" alt="Flows by Provider (US$m) Source Coinshare" class="wp-image-176362">
  <figcaption class="wp-element-caption">
   Source: Coinshare
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 </figure>
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<p>Despite a significant surge in capital inflows, trading volumes in investment products declined., the average weekly trading volume stood at $17 billion in April, However, it dropped to $8 billion by the week ending May 10.&nbsp;</p> 
<p>Regionally, the United States was the biggest source of flows with $135 million, and Switzerland was second, with $14 million.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full is-resized">
  <img decoding="async" width="692" height="401" src="https://www.cryptotimes.io/wp-content/uploads/2024/05/pasted-image-0-1-1.png" alt="Flows By Exchange Country Source Coinshare" class="wp-image-176361" style="width: 100%;height:auto">
  <figcaption class="wp-element-caption">
   Source: Coinshare
  </figcaption>
 </figure>
</div> 
<p class="has-text-align-left">Interestingly, the State of Wisconsin Investment Board <a href="https://www.cryptotimes.io/2024/05/15/state-of-wisconsin-announces-164m-in-spot-bitcoin-etf-investments/" target="_blank" rel="noreferrer noopener">stated</a> that it has Bitcoin investment in the spot and has invested in shares of BlackRock’s iShares Bitcoin Trust and Grayscale’s Bitcoin Trust in the first quarter of the year.</p>

Bitcoin ETF Gains Institutional Interest Amid Market Recovery

The Crypto Times

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