The majority of this money hit in the final quarter, said CoinShares' James Butterfill, as it became "increasingly clear that the SEC was warming up to the launch of bitcoin spot-based ETFs in the United States."
Bitcoin (BTC) dominated the numbers with $1.9 billion of inflows last year, or 87% of the $2.2 billion total. That ratio was the largest ever, said CoinShares, with the prior high of 80% taking place in 2020.
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