Bitcoin ETF Buzz Fuels $2.25B Crypto Spree in 2023

Digital
asset investment products saw $2.25 billion of inflows in 2023, marking it as
the 3rd largest year for inflows since 2017, according to the newest report by
CoinShares. The inflows represented a dramatic turnaround from 2022 when they
totaled just $831 million.

Their
visible acceleration since the year’s second half shows the industry’s eager
anticipation for introducing the first-ever Wall Street BTC spot ETF.

Assets
under management (AuM) ended 2023 at $51 billion, the highest level since March
2022. Bitcoin was the prime beneficiary of the resurgence in interest,
attracting $1.9 billion inflows, or 87% of the total. This dominance of
flows was the largest on record.

Much of the
rebound came in the fourth quarter, as it became clear the US Securities and
Exchange Commission (SEC) was warming up to approving Bitcoin
Bitcoin

While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that

While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that
Read this Term spot ETFs. The
market is currently eagerly awaiting the approval of the first application,
which has driven the price of BTC this week to its highest levels since April
2022.