#Crypto fund inflows hit record high#
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Overview
Crypto fund inflows hit a new high last week, reaching $2.2 billion, while total assets under management also rose to a record $171 billion. This was mainly driven by optimism surrounding Trump's inauguration, with Bitcoin recording the largest inflows at $1.9 billion, followed by Ethereum at $246 million and XRP at $31 million. Switzerland and Canada also saw inflows of $89 million and $13 million respectively, indicating regional growth potential.
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Analysis
Cryptocurrency funds saw record inflows last week, hitting $2.2 billion, pushing total assets under management (AuM) to a record high of $171 billion. The surge in capital was driven by optimism surrounding the inauguration of President Trump, with Bitcoin dominating inflows at $1.9 billion, followed by Ethereum at $246 million and XRP at $31 million. Switzerland and Canada also recorded inflows of $89 million and $13 million respectively, highlighting potential for regional growth.
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Public Sentiment
Discussion Word Cloud
Classic Views
Trump's inauguration brought optimism that drove inflows into crypto funds, setting a new high for weekly inflows this year.
Bitcoin was the main beneficiary of the inflows, attracting $1.9 billion, bringing the total inflows for the year to $2.7 billion.
Ethereum and XRP also received inflows, totaling $246 million and $31 million respectively.
Total assets under management (AuM) for crypto funds reached a record high of $171 billion, demonstrating the growing interest of institutional investors in crypto assets.