During the investment drought, this fund bought 60 million. USD Bitcoins

Bitcoin fund Wise Origin Bitcoin Index Fund reported to the United States Securities and Exchange Commission (SEC) the purchase of 62.84 million bitcoins. USD and the corresponding sale of stocks that track the price of bitcoin (BTC) to 733 customers.

El fund Wise Origin Bitcoin is offered Part Fidelity Digital Assets Alternative Investment Programwhich acts as a custodian of BTC funds.

To message In a filing with the SEC on Monday, Sept. 26, the fund explains that it requires a minimum investment of $50,000 per participant. As Wise Origin of this fund has 733 clients at the time of reporting, the average investment is approximately $84,000.

This interest from institutional investors in bitcoin stands out in the context of the current bitcoin bear market. Last week reported Coinshares, the main fund of bitcoin and other cryptocurrencies, recorded only $8.3 million in revenue. Meanwhile, during September, these funds remained 52.9 million. USD.

Weekly flow into and out of institutional crypto funds. Source: Coinshares.

Specifically, 2.6 million people poured into bitcoin last week. USD, and to ETH – 6.9 million. however, in the monthly balance, ETH outflows are the majority.

According to Coinshares, 4.4 million left in September. USD equivalent of BTC and 70.7 million. USD of capital that was invested in ETH in these funds.

In the current bitcoin market those who have recently invested are the ones who move the price the mostaccording to a Glassnode report commented this one. According to the report, price action is driven by the movement of participants who bought bitcoin less than six months ago.

Source: www.criptonoticias.com

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