Crypto Funds Hit All-Time High Inflows of $29 Billion—Can This Growth Be Sustained?
This year has seen a major surge in inflows for crypto investment products, hitting an annual record of $29.2 billion, as revealed by a recent report from CoinShares.
Weekly net inflows for the past week alone reached $2.18 billion, driven by various market factors and influenced significantly by the political climate in the United States.
Bitcoin Leads In Inflows, US Funds Dominate Market
CoinShares’ report highlighted that the substantial inflows, combined with price increases across major cryptocurrencies in recent months, have driven the total assets under management in crypto funds above the $100 billion mark.
This is only the second time crypto funds have reached this level, last seen in June at a peak of $102 billion….
