#Crypto funds hit record highs#
Hot Topic Overview
Overview
Cryptocurrency funds saw a record-breaking net inflow of $2.2 billion last week, pushing total assets under management to $171 billion. Bitcoin funds dominated inflows, attracting $1.9 billion, while Ethereum funds saw net outflows. Institutional managed crypto funds, such as those managed by BlackRock, performed strongly. BlackRock saw an inflow of 3.57 million BTC last week, bringing its current holdings to 563.135 billion BTC, equivalent to $588.7 billion.
Ace Hot Topic Analysis
Analysis
Crypto funds saw a record-breaking net inflow of $2.2 billion last week, pushing total assets under management to $171 billion. Bitcoin funds saw the largest inflow at $1.9 billion, while Ethereum funds saw a net outflow. Institutional investments from firms like BlackRock fueled the growth in Bitcoin funds, while Grayscale saw outflows in its Ethereum funds. Overall, the high level of inflows into crypto funds suggests that investor confidence in the cryptocurrency market remains strong.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Crypto funds saw net inflows of $22 billion last week, a record high, driven by positive price action in cryptocurrencies and expectations for the inauguration of President Trump.
Bitcoin funds dominated inflows, reaching $19 billion, pushing the assets under management (AUM) of crypto funds to a record high of $171 billion.
Inflows into crypto funds managed by institutions like BlackRock increased significantly. BlackRock saw inflows of $357 million last week, currently holding 563,135 BTC, equivalent to about $588.7 billion.
Ethereum funds saw outflows of 956 ETH, with Grayscale accounting for 5,707 ETH of outflows. Grayscale currently holds 1,391,098 ETH, equivalent to about $46.1 billion.