Investors Boost Investments in Bitcoin ETF Fund

According to data from CoinShares, investment products related to Bitcoin experienced a significant influx of more than $1 billion in the previous week, resulting in a cumulative inflow of approximately $14.6 billion since the beginning of this year. The surge in investments can mainly be attributed to the growing interest of institutional investors and those with a long-term investment strategy in spot Bitcoin ETF funds. Specifically, the week ending on May 24 witnessed a remarkable $1.01 billion flowing into Bitcoin exchange-traded products.