Outflows of $73 million, but negative sentiment cooling off.
Outflows of $73 million, but negative sentiment cooling off.
Issuers are using bitcoin futures in cross-asset strategies while SEC stonewalls crypto exposure in ETFs.
The product is the second largest crypto ecosystem after ethereum.
Bitcoin has been behaving like other risk assets, throwing cold water on the diversification benefit.
Digital asset investment products saw outflows totaling a weekly record of US$207 million.
Yearly inflows of US$9.3 billion in 2021 compared with US$6.8 billion in 2020.
Valkyrie and Kryptoin are the latest to be denied.
These bitcoin ETFs are primed to come to market if the SEC gives the go-ahead.