on May 13, institutional investors increased their exposure to digital assets, with crypto investment products seeing total inflows of $130 million this past week.Weekly trading volumes in investment products decreased from a weekly average of $17 billion in April to $8 billion in the week ending May 10, according to the report.
“Wow, a state pension bought $IBIT in the first quarter. Normally, you don't get these big fish institutions in the 13Fs for a year or so , but as we've seen, these are no ordinary launches.” Balchunas believes this is a good sign for the market, adding, “Expect more, as institutions tend to move in herds.”
The disclosure signifies a significant move by SWIB into the digital asset market by the Wisconsin Investment Committee. Spot Bitcoin ETFs offer investors exposure to Bitcoin without needing to own the cryptocurrency directly. This move by the Wisconsin Investment Committee could potentially signal a growing adoption of crypto investment products among traditional finance firms.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.‘Sic AIs on each other’ to prevent AI apocalypse: David Brin, sci-fi author
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Peter Schiff questions Bitcoin ETF demand and $100K BTC price targetSchiff’s unwarranted dig didn’t go unnoticed, as several Bitcoin proponents responded to his post debunking his selective data.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Source: DailyFX - 🏆 305. / 63 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »