Bitcoin exchange traded funds have pulled in just under $1bn in the first two days of trading, as investors cautiously welcome the new stock market vehicles that track the cryptocurrency.
The new funds, which include ones from BlackRock, Franklin Templeton and Invesco, have had inflows of $984mn according to data from CoinShares, a digital asset manager, since their launch on Thursday.
BlackRock, the world’s largest asset manager, led the way with $508mn of inflows, followed by Fidelity with $442mn.
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