#Crypto fund inflows totaled $2.2 billion#
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Overview
Last week, global crypto funds saw net inflows of $2.2 billion, the largest weekly inflow this year, driven by optimism surrounding the inauguration of US President-elect Donald Trump. This also pushed the total assets under management (AUM) of crypto funds to a record high of $171 billion. Among them, Bitcoin saw inflows of $1.9 billion, Ethereum $246 million, and Solana $2.5 million. Crypto funds managed by institutions like BlackRock performed particularly well. BlackRock saw inflows of 357 million BTC last week, bringing its total holdings to 563.135 billion BTC.
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Analysis
Crypto funds saw net inflows of $2.2 billion last week, the largest single-week inflow of the year, pushing the asset management scale (AUM) of crypto funds to a record high of $171 billion. This inflow was driven primarily by "the joy of the Trump inauguration" and the positive trend in cryptocurrency prices. Among them, Bitcoin saw inflows of $1.9 billion, Ethereum saw inflows of $246 million, and Solana saw inflows of $2.5 million. Global crypto funds managed by institutions such as BlackRock, Bitwise, Fidelity, and Grayscale all received capital inflows. It is noteworthy that despite Ethereum's rebound, its inflows still lagged behind Bitcoin.
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Public Sentiment
Discussion Word Cloud
Classic Views
Trump's inauguration fueled optimism that drove inflows into crypto funds, reaching record highs.
Bitcoin was the main beneficiary, seeing inflows of $1.9 billion, driving growth in crypto fund assets under management.
Ethereum also saw inflows, albeit smaller, while institutions like Grayscale saw outflows.
The continued inflows into crypto funds reflect the growing interest of institutional investors in cryptocurrencies.