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Crypto ETFs Pull in Assets Despite Poor Performance
There’s no denying crypto’s appeal has skyrocketed since the days of Ethereum miners and PC gamers feuding over graphics processing units. We know that’s deep, tech-nerd territory, but the point is that crypto used to be niche, and now it’s far from fringe. That shift became especially clear last year when the first spot crypto ETFs debuted, signaling broader acceptance of digital assets in mainstream financial markets. The momentum continued in this year, with US-based crypto ETFs pulling in roughly $42 billion in inflows, according to Morningstar Direct. Still, investor enthusiasm hasn’t necessarily ... (full story)
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