<\/p>\n
Recent data shared by Pillage Capital<\/a> from Bloomberg data reveals a remarkable surge in Bitcoin investments by public funds, identifying a single-day inflow of approximately $43 million.<\/p>\n This considerable sum represents a substantial 10% of the total year-to-date inflow<\/a> in just a single day, signifying a growing interest in cryptocurrency investments.<\/p>\n Over the past week, the inflow reached<\/a> $66 million, with the past month seeing a total of $145 million funneled into Bitcoin. The substantial year-to-date figure stands at $428 million, underscoring the continued confidence in Bitcoin as a viable investment.<\/p>\n A significant portion of these inflows were directed toward Bitcoin Exchange Traded Products (ETPs), with 21Shares Bitcoin ETP receiving the most inflows at $12 million. Close behind was the CI Galaxy Bitcoin ETF, which saw an influx of around $11 million, further demonstrating the increasing popularity of these innovative financial products.<\/p>\n This surge in inflows indicates a potential shift in traditional investment strategies, with a growing emphasis on digital assets.<\/p>\n The post Public funds invested $43 million into Bitcoin in a single day, representing 10% of the year\u2019s total<\/a> appeared first on CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Quick Take Recent data shared by Pillage Capital from Bloomberg data reveals a remarkable surge in Bitcoin investments by public funds, identifying a single-day inflow of approximately $43 million. This considerable sum represents a substantial 10% of the total year-to-date inflow in just a single day, signifying a growing interest in cryptocurrency investments. Over the […]<\/p>\n","protected":false},"author":2,"featured_media":179980,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-179979","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179979","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=179979"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179979\/revisions"}],"predecessor-version":[{"id":179981,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179979\/revisions\/179981"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/179980"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=179979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=179979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=179979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}