K33 Research: Bitcoin ETP inflows hit record high
According to a report by K33 Research, institutional demand for Bitcoin through trading platform-traded products (ETPs) has increased significantly in the past month, with a record-breaking increase of 27,095 BTC, surpassing the flow in June and July after BlackRock submitted a Bitcoin spot ETF. K33 Research's senior analyst Vetle Lunde and vice president Anders Helseth said that in addition to the inflow of Bitcoin ETP, CME's sustained high exposure indicates strong institutional demand for Bitcoin as the deadline for the latest Bitcoin spot ETF from the US Securities and Exchange Commission approaches.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget donates HK$12 million to support fire rescue and reconstruction efforts in Tai Po, Hong Kong
Bitget Spot Margin Announcement on Suspension of ELX/USDT Margin Trading Services
Enjoy perks for new grid traders and receive dual rewards totaling 150 USDT
Bitget Spot Margin Announcement on Suspension of BEAM/USDT, ZEREBRO/USDT, AVAIL/USDT, HIPPO/USDT, ORBS/USDT Margin Trading Services
Trending news
MoreCrypto prices
More
