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Riding a Wave of Positive News, Crypto Markets Turn Bullish

Riding a Wave of Positive News, Crypto Markets Turn BullishIn a series of positive developments, the cryptocurrency market appears to be entering a bullish phase, marked by significant regulatory approvals and an apparent shift in political relevancy. The U.S. Securities and Exchange Commission’s unexpected approval of spot ether ETFs, coupled with former President Donald Trump’s pro-crypto stance and pledges, signals a growing acceptance and […]

Bybit Expands in CIS Region With Kazakhstan License for Crypto Services

Crypto investment funds intake $130M, while filings reveal new spot BTC ETF purchasers

Inflows to crypto investment funds top $130 million, and 13F filings reveal new institutional investors’ spot BTC ETF positions.

Cryptocurrency investment products saw inflows totaling $130 million in the week ending May 6, reversing a five-week streak of outflows, according to CoinShares. 

According to CoinShares’ “Digital Asset Fund Flows Weekly” report published on May 13, institutional investors increased their exposure to digital assets, with crypto investment products seeing total inflows of $130 million this past week.

Once again, the lion’s share of movement was attributed to Bitcoin (BTC) investment funds, which received $144 million in inflows.

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Bybit Expands in CIS Region With Kazakhstan License for Crypto Services