Crypto Fund Inflows Jump to $1.76 Billion Spurred By Bitcoin, Ethereum Prices

From thestreet.com

Last week, investments in crypto funds ratcheted up to a record $1.76 billion, the highest number recorded since the launch of futures-based exchange-traded funds (ETFs) in fall 2021, according to a new report from CoinShares. The majority of inflows targeted bitcoin, the world’s largest cryptocurrency, which logged $133 million in inflows, followed by ethereum at $31 million. This marks an increase from bitcoin’s inflow record of $312 million the week prior. Ether’s increase pushes its five-week total to $134 million, and allowed its positive net flows to reach $10 million after a sustained period of negative ... (full story)