Crypto funds worldwide received over $61 million in new capital on Monday, with almost all of it going towards Bitcoin funds. The influx of capital coincided with Bitcoin's price reaching $35,000, as investors eagerly await a spot Bitcoin ETF to reach the US market. The majority of the inflows came from Germany and Canada, where spot Bitcoin ETFs have been launched. However, US investors are still waiting for approval for a physical Bitcoin ETF, as existing products have seen virtually no flows in the last month. Both Grayscale and 21Shares are competing to launch a spot Bitcoin ETF, with the SEC required to either approve or deny the Ark/21Shares Bitcoin ETF application by January 10.
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Bitcoin Funds Receive $61 Million Inflows, Primarily from Germany and Canada
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