Daily Trade News

Institutional bulls back Bitcoin after weeks of altcoin accumulation



© Reuters.

Institutional investors are pivoting back to digital gold with (BTC) investment products posting a third consecutive week of inflows.

According to CoinShares’ latest “Digital Asset Fund Flows Weekly” report, BTC investment products generated $68.7 million worth of inflows between Sept. 27 and Friday, representing a 36% increase in exposure week-over-week.