The trading of U.S. spot Bitcoin ETFs brought all-time high weekly trading volumes for crypto investment products, according to CoinShares.
United States-based crypto investment products have dominated inflows over the past week after the approval of spot Bitcoin (BTC) exchange-traded funds (ETFs) in the country, according to the latest report from CoinShares.
In a Jan. 15 Digital Asset Fund Flows report, CoinShares head of research James Butterfill noted that United States-based funds saw a whopping $1.24 billion of inflows from the week ended on Jan. 12, while Canada, Germany, and Sweden-based products experienced outflows due to “basis traders looking to switch from Europe to the US.”
Canadian products saw $44.2 million in outflows, the highest of any country, while Swiss-based products captured $24.2 million in inflows.
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Source: https://cointelegraph.com/news/crypto-products-record-weekly-volume-spot-bitcoin-etfs-coinshares