Meltem Demirors, the chief strategy officer (CSO) at digital asset manager CoinShares, says that institutional investors appear to be betting on an upcoming Bitcoin (BTC) rally.
“If we look at flows into Bitcoin products, we have seen six weeks of consecutive [inflows].
We saw a little bit of an uptick in flows in August, then we traded really flat, very low volumes.
The last six weeks we have seen a lot more activity, a lot more trading volume. We’re now at $760 million of flows into Bitcoin products in 2023. We have exceeded the levels in 2022. So I think those are all indicators