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Investors have poured over $1.07 billion into digital asset investment products so far this year, according to CoinShares Head of Research James Butterfill. This is a notable increase from the $847 million in annual inflows that CoinShares reported earlier this week, and it is the third largest year on record in terms of pure inflows. The recent influx is reflective of a change in sentiment among investors, especially institutions, and is largely attributed to anticipation for a spot Bitcoin ETF on Wall Street. In addition, Ethereum is becoming increasingly deflationary and offering a yield, making it an attractive asset for investors. #Crypto #Investing #ETF #Bitcoin
You can read more about this topic here: Decrypt: Bitcoin, Ethereum Demand Pushes 2023 Crypto Fund Investment Over $1 Billion
