Digital asset funds have seen significant inflows of over $1 billion this year, due to a crypto market rebound in 2023. Bitcoin products led the inflows with $240 million last week, and Ethereum saw its largest inflows since August 2022 at $49 million. Blockchain equity ETFs also took in $14 million, the most since July 2022. Industry analysts are encouraged as institutional players are returning to digital assets, and investors are attracted by the potential bottoms in cryptocurrencies. However, crypto’s extreme volatility and lack of fundamental value give many institutions pause. #Crypto #Bitcoin #Ethereum #DigitalAssetFunds
You can read more about this topic here: Watcher Guru: Digital Asset Funds See Inflows Top $1 Billion in 2023 Crypto Rebound
