Bitcoin ETF Optimism Spurs Largest Asset Inflows Since Late 2021

Anticipation of an eventual US spot Bitcoin exchange-traded fund has helped to spur inflows into digital-asset investment products for a ninth consecutive week, the largest run since the crypto bull market in late 2021.

Those products, such as trusts and exchange-traded products, saw inflows of $346 million last week, with Canada and Germany contributing to 87% of the total, according to CoinShares. Only $30 million came from the US, a sign of continued low participation from the country, the asset-management firm said in a report on Monday.

Since early October, the crypto market has surged as traditional asset managers like ...