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Crypto fund inflows surge as FOMO kicks in, sentiment in ‘extreme greed’ territory
The ‘sell-the-news’ pullback following the launch of the first spot Bitcoin (BTC) exchange-traded funds (ETFs) in the U.S. has morphed into a ‘buy-the-dip’ opportunity for investors as the top crypto trades near a two-year high while inflows into digital asset investment products trend sharply higher. The week ending Feb. 9 saw a total of $1.12 billion flow into globally listed crypto funds, according to the latest fund flows report from CoinShares, bringing year-to-date inflows to $2.7 billion. “Coupled with recent price rises, total assets under management (AuM) is at the highest level since early 2022 at ... (full story)