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Hong Kong spot bitcoin and ether ETFs debut on April 30, marking Asia's first official cryptocurrency investment tools in the region's financial hub, with $12 billion inflows into U.S. ETFs driving the market.
Crypto asset outflows totaled $206 million in the week through April 19, according to the report. Investors pulled $244 million from US ETFs, with the outflows coming mostly from incumbent funds, while newly issued ETFs continued to see inflows, though lower than in prior weeks.
Cryptocurrency News: Bitcoin has surged to $50,000 for the first time since 2021, marking a significant comeback for the cryptocurrency industry. Find out the factors contributing to Bitcoin's resurgence and the positive sentiment surrounding digital assets. Explore how the approval of spot Bitcoin exchange-traded funds in the US and expectations of looser monetary policy have impacted its value.
Crypto holding of Indian investors, which today stands at nearly $4 billion, is predicted to double as Bitcoin (BTC) prices are expected to touch new all-time highs after the halving day in April and Ethereum (ETH) ETFs are likely to get approval soon.
ETFGI reported today that Crypto ETFs and ETPs listed globally gathered net inflows of $425 Mn during June, bringing year-to-date net inflows to $242 Mn, which is lower than $567 Mn in net inflows at this point last year.