Daily Trade News

Institutional crypto products eye record AUM as investors pile into



© Reuters.

Institutional investors are continuing to pile into (BTC) despite prices pushing up to a five-month high.

According to CoinShares’ Tuesday “Digital Asset Fund Flows Weekly” report, more than $226 million in capital flowed to institutional Bitcoin products this past week. Bitcoin products dominated inflows for the third consecutive week, posting a week-over-week increase of 227%.