FILE PHOTO: A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/File Photo
(Reuters) - Crypto startup funding rose for a second straight quarter to hit $2.4 billion in the first three months of 2024, PitchBook data showed, as expectations of lower interest rates and the debut of the first U.S. bitcoin spot ETF whetted investor appetite.
Funding was spread across 518 deals and rose by 40.3% from the previous quarter, according to data firm PitchBook. Global venture capital investments dropped to a near five-year low in the same period.
