K33 Research: Bitcoin ETP inflows hit record high

According to a report by K33 Research, institutional demand for Bitcoin through trading platform-traded products (ETPs) has increased significantly in the past month, with a record-breaking increase of 27,095 BTC, surpassing the flow in June and July after BlackRock submitted a Bitcoin spot ETF. K33 Research's senior analyst Vetle Lunde and vice president Anders Helseth said that in addition to the inflow of Bitcoin ETP, CME's sustained high exposure indicates strong institutional demand for Bitcoin as the deadline for the latest Bitcoin spot ETF from the US Securities and Exchange Commission approaches.