On the eve of the Bitcoin ETF launch, assets in crypto funds reach a record $72.3 billion

Inflow into digital-asset products from October 9 through October 15 amounted to $80 million. The total assets in such products rose to a new record of $72.3 billion, according to a CoinShares report.

The previous figure stood at $71.6 billion.

A week earlier, inflows totaled $225 million. Positive momentum has been recorded for the ninth week in a row — during this period total investments amounted to $718 million.

“Approval of a futures-based Bitcoin ETF could lead to a substantial inflow of funds from American investors. In the first quarter they played a more noticeable role in the dynamics of crypto fund flows.”, analysts commented.

Earlier, it was reported that on Tuesday, October 19, trading on the New York Stock Exchange will start for ProShares’ Bitcoin futures-based ETF.

According to Arcane Research, by the end of October the SEC should also respond to similar applications from Invesco, VanEck, Galaxy Digital and Valkyrie Investments. The product from the latter has formally already received listing on Nasdaq.

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