Spot Bitcoin ETF approval expected to heat up, funds flowing into digital assets for 9 consecutive weeks
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Zhitong App has learned that the expectation of the United States launching a spot Bitcoin exchange-traded fund (ETF) has led to a surge in funds flowing into digital asset investment products for the ninth consecutive week. This marks the largest influx of funds since the cryptocurrency bull market at the end of 2021. According to data from CoinShares, these products, such as trusts and exchange-traded products, saw a total inflow of $346 million last week, with Canada and Germany contributing 87% of the total.
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