#Crypto fund inflows hit record high#
Hot Topic Overview
Overview
Cryptocurrency funds saw net inflows of $2.2 billion last week, a record high, boosting assets under management to $171 billion. Bitcoin funds dominated inflows with $1.9 billion, spurred by active investments from institutions such as BlackRock. Conversely, Ethereum funds saw outflows of 956 ETH, lagging behind. Despite this week's inflows being lower than last week's $4.8 billion, the overall inflow trend for crypto funds remains strong.
Ace Hot Topic Analysis
Analysis
Crypto funds saw net inflows of $2.2 billion last week, a record high, pushing assets under management (AUM) to $171 billion. Bitcoin led the way with $1.9 billion in inflows, driving new investment. BlackRock saw inflows of 357 million BTC, currently holding 563.135 billion BTC, equivalent to $588.7 billion. Ethereum ETFs saw net outflows of 956 ETH, with Grayscale seeing outflows of 5,707 ETH, currently holding 1,391,098 ETH, equivalent to $46.1 billion. Despite Ethereum's rebound, flows still lagged. XRP inflows have reached 484 million since November 2024. Overall, inflows into crypto funds have declined slightly in the past week, but remain at elevated levels, indicating continued investor interest in the cryptocurrency market.
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Public Sentiment
Discussion Word Cloud
Classic Views
Crypto fund inflows hit record highs, with net inflows of $22 billion last week pushing the total assets under management for crypto funds to a record high of $171 billion.
Bitcoin fund inflows dominated, driving $19 billion in new investment.
Investments from institutions like BlackRock drove inflows into Bitcoin ETFs, with net inflows of 5,312 BTC last week.
Ethereum ETF outflows exceeded inflows, with Grayscale seeing outflows of 5,707 ETH.