Report that crypto funds had largest single week of inflows in over a year: ETF optimism

<p>CoinShares data being cited for the reports that crypto-focused funds had the largest single week of inflows in over a year. This comes amidst the feverish optimism that a U.S. spot bitcoin exchange-traded fund will soon get approved by the US Securities and Exchange Commission.</p><p>From reports:</p><ul><li>digital asset investment products logged inflows of $326M for the week ended October 27</li><li>most since July 2022 (and 21st largest on record)</li><li>Bitcoin funds accounted for 90% of the inflows</li><li>there was also inflows of $15M into short-BTC products</li></ul><p>—</p><p>An ETF that invests directly in bitcoin looks poised to be approved by the U.S. Securities and Exchange Commission.</p><p>Bitcoin update:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.