Bitcoin ETFs Turn Positive for Month as Sovereign Funds Step In
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Bitcoin ETFs moved into positive territory for the month after more than $400 million in weekly inflows, while Decrypt reported a shift from hedge funds to sovereign wealth investors.
Bitcoin exchange-traded funds attracted more than $400 million in inflows this week, according to Decrypt, pushing their monthly net flows back above zero.
The report also highlighted a change in participation, with hedge funds exiting the Bitcoin ETF trade as sovereign wealth investors stepped in.
The rebound in flows comes ahead of November. While the latest inflows reversed the month's earlier deficit, they do not establish whether that momentum will continue.
Source: Decrypt
