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.
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