Investors funnel $32B into US crypto ETFs despite year-end pullback
Investors have poured $32 billion into U.S. cryptocurrency exchange-traded funds (ETFs) in 2023, marking a significant influx despite a recent market pullback. This surge in investment highlights growing interest in crypto assets, particularly as regulatory clarity improves. Notably, Bitcoin ETFs have been a major driver of this trend, attracting substantial capital. However, the market has faced volatility, with some analysts cautioning about potential risks ahead. Overall, the strong ETF inflows reflect a robust appetite for cryptocurrency among institutional and retail investors.
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