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Bitcoin takes ‘lion’s share’ as institutional inflows hit 7-month high

Published 02/07/2023, 07:14 AM
Updated 02/08/2023, 12:40 AM
© Reuters.

Bitcoin (BTC) rebounding 40% in January sparked the largest inflows of institutional cash since June 2022, data shows.

In its “Digital Asset Fund Flows Weekly” report on Jan. 30, digital asset investment and trading group CoinShares confirmed $117 million heading into crypto in the last week of the month.

Weekly Crypto Asset Flows chart. Source: CoinShares/ Twitter
GBTC premium vs. asset holdings vs. BTC/USD chart. Source: Coinglass

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