#Crypto Fund Inflows Hit Record High#
Hot Topic Overview
Overview
Crypto funds saw net inflows of $2.2 billion last week, the largest single-week inflow this year, pushing total assets under management to a record high of $171 billion. This was mainly driven by market optimism spurred by the inauguration of President Trump and the positive price trend of cryptocurrencies. Bitcoin saw the largest inflow at $1.9 billion, while Ethereum experienced a small outflow. Crypto funds managed by institutions such as BlackRock and Grayscale also saw active trading, with BlackRock's Bitcoin ETF receiving $357 million in inflows and Grayscale's Ethereum ETF witnessing outflows of $18.91 million.
Ace Hot Topic Analysis
Analysis
Recently, crypto fund inflows have hit record highs, driven by optimism surrounding the inauguration of US President-elect Trump. Last week, global crypto funds saw net inflows of $2.2 billion, bringing year-to-date inflows to $2.8 billion and pushing crypto fund assets under management (AUM) to a record high of $171 billion. Bitcoin saw the largest inflows at $1.9 billion, followed by Ethereum at $246 million. Bitcoin ETFs managed by institutions like BlackRock saw net inflows of 5,312 BTC, while Grayscale's Ethereum ETF saw net outflows of 956 ETH. Overall, the positive sentiment surrounding Trump's inauguration and the positive price action in cryptocurrencies have prompted investors to flock to the crypto market, driving the growth of crypto fund inflows.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump's inauguration fueled optimism, driving inflows into crypto funds to a record high.
Bitcoin was the main beneficiary, attracting $1.9 billion in inflows.
Ethereum also saw inflows, but on a smaller scale.
Crypto funds' assets under management have reached $171 billion.