Fast Take
Overcoming earlier setbacks, the Function Bitcoin ETF’s holdings just lately surpassed a major milestone of 30k Bitcoin, a primary because the Luna collapse in June 2022.
Moreover, its belongings underneath administration (AUM) have exceeded the $1 billion mark, underscoring the ETF’s resilience in its 18-month restoration interval.
From late October 2023 onward, the ETF has seen optimistic inflows, marking the return of institutional interest, a vital driver of the crypto market. The Function Bitcoin ETF has witnessed an unbroken streak of inflows for 9 consecutive buying and selling days.
The resurgence in institutional curiosity seems to be fueled by anticipation of spot ETF approval, an occasion that would doubtlessly rework the digital asset panorama.
The submit Purpose Bitcoin ETF holdings soar past 30k, topping $1 billion amid signs of rising institutional interest appeared first on CryptoSlate.
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