Over 200K BTC now stored in Bitcoin ETFs and other institutional products
According to Arcane’s data, Bitcoin ETPs have seen a flurry of interest from institutional investors both this month and last.
The first two days of June have seen gargantuan net inflows to Purpose, 3iQ Coinshares, and BITO, pushing the global BUM (BTC under management) to a new all-time high of 205,008 BTC.