The Purpose Bitcoin ETF, which was launched in February 2021, has been seeing significant inflows over the last few days, to the point its holders have risen to surpass 43,700 BTC.
Notably, Purpose’s ETFs saw their assets under management rise last month as a whole.
According to the report, the firm purchased 6,227 Bitcoin and 81,436 Ethereum worth $183 million and $149 million respectively for their Bitcoin and Ethereum products.
CryptoCompare’s report details that weekly net inflows averaged $66.5 million compared to average weekly outflows of $49.6 million in April.
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