Crypto ETFs witness third-highest weekly inflows of all time as Standard Chartered sets Bitcoin Q2 forecast at $120,000
- Crypto ETFs netted inflows of $3.4 billion last week, marking the third-highest weekly inflow on record.
- Standard Chartered’s Geoffrey Kendrick predicted Bitcoin could hit $120,000.
- Strategy capitalized on the current bullish trend, purchasing 15,355 BTC for $1.4 billion and pushing its total holdings to 553,555 BTC.
Crypto exchange-traded funds (ETF) witnessed a second consecutive week of net inflows, pulling in $3.4 billion last week. This marks the largest inflows since mid-December and the third highest on record, per CoinShares weekly inflow report.
Crypto products net inflows as institutional demand surges
The influx of capital into crypto products highlights renewed demand among institutional investors amid the…
