Bitcoin hits 2-year high as crypto fund inflow nears $600M

Inflows to crypto investment products nearly topped $600 million and reflect traders’ growing interest in Bitcoin and altcoins.

Crypto investment products saw inflows totaling $598 million from institutional Bitcoin investment products over the past seven days, according to the latest report by CoinShares. Crypto exchange-traded products (ETPs) have now witnessed their fourth consecutive week of inflows.

Brazil and Switzerland registered minor inflows of $8.2 million and $2.1 million, respectively, while the Canadian market witnessed the largest outflows from digital asset investment products, shedding $17.8 million, followed by Sweden with $8 million in outflows.

Related: MicroStrategy adds 3K BTC as Bitcoin ETFs are poised to surpass gold ETFs

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