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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/investors-boost-bitcoin-etf-funds" data-wpel-link="internal">Investors Boost Bitcoin ETF Funds</a><br></p>
<p style="text-align: justify">CoinShares reported that <a href="https://en.bitcoinhaber.net/strategic-perspective-in-crypto-analyst-moustaches-take-on-bitcoins-journey-and-market-fluctuations" data-wpel-link="internal">Bitcoin</a> investment products experienced inflows exceeding $1 billion last week, pushing yearly inflows to around $14.6 billion. This surge is primarily driven by institutional and <a href="https://finance.coin-turk.com/" rel="nofollow noopener" target="_blank" data-wpel-link="exclude">long-term investors</a> increasing their investments in spot Bitcoin ETF funds. The week ending May 24 saw notable inflows of $1.01 billion into Bitcoin exchange-traded products.</p> 
<h2 id="what-drives-the-increased-interest">What Drives the Increased Interest?</h2> 
<p style="text-align: justify">Total inflows into all cryptocurrency investment products reached $1.05 billion, breaking the all-time record of $14.9 billion for 2024 so far. CoinShares’ Weekly Crypto Asset Fund Flows report, released on May 28, highlighted a 28% rise in weekly trading volumes, hitting $13.6 billion. Currently, crypto funds manage assets worth $98.43 billion.</p> 
<p style="text-align: justify">The recent surge in buying and price increases is mainly due to market expectations that spot Ethereum ETF funds will gain approval in the US. Although Ethereum underperformed post-approval, the continued inflows into spot Bitcoin ETF funds remain significant.</p> 
<h2 id="how-much-are-institutions-investing">How Much Are Institutions Investing?</h2> 
<p style="text-align: justify">Data from Farside Investors shows that institutions poured around $1.057 billion into spot Bitcoin ETF funds between May 20 and May 24. Grayscale’s IBIT witnessed outflows drop dramatically to just $20.5 million per week. This data indicates a strong institutional interest and confidence in Bitcoin as an investment asset.</p> 
<h2 id="key-insights-for-investors">Key Insights for Investors</h2> 
<p style="text-align: justify"> – Institutional investors are significantly increasing their Bitcoin ETF fund investments.<br> – The approval of spot Ethereum ETF funds in the US is positively influencing Bitcoin ETF inflows.<br> – Market trading volumes in cryptocurrency funds have seen a 28% rise recently.<br> – Grayscale’s IBIT outflows have dramatically reduced, signaling a potential shift in market dynamics. </p> 
<h2 id="what-to-expect-for-bitcoin">What to Expect for Bitcoin?</h2> 
<p style="text-align: justify">Popular analyst Daan Crypto Trades highlighted that Bitcoin’s 8-hour chart shows price action ranging from $59,095 to an all-time high of $73,800 on March 14. He noted that minor deviations below this range were quickly corrected, indicating a consolidated movement similar to previous cycles.</p> 
<p style="text-align: justify">Analyst Rekt Capital observed Bitcoin’s recent climb above $70,000, marking a new local peak. He predicts that Bitcoin will continue to consolidate between $60,000 and $70,000, suggesting a stable yet range-bound movement <a href="https://newslinker.co" target="_blank" rel="noopener nofollow" data-wpel-link="exclude">in the near future</a>.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/investors-boost-bitcoin-etf-funds" data-wpel-link="internal">Investors Boost Bitcoin ETF Funds</a></h5>

Investors Boost Bitcoin ETF Funds

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