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Pros Backed Cryptocurrencies in 2023

From etftrends.com

In what could be a long-term positive for cryptocurencies as an asset class, data indicates $2.25 billion in new capital flowed into institutional cryptocurrencies products in 2023. That marks the third-best year of inflows on record. Gains by major digital currencies, such as bitcoin and ether, were among the factors compelling professional investors to widen their embrace of this nascent asset class. Should that trend continue, it could have positive long-term implications for equity-based ETFs such as the Invesco Alerian Galaxy Crypto Economy ETF (SATO). “The value of assets under management reached $51B, a 129% ... (full story)

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  • Category: Fundamental Analysis