Crypto Funds Draw $2.7 Billion in 11th Straight Week of Inflows
Investment products linked to cryptocurrencies attracted about $2.7 billion in new money during the week ended 28 June
Investment products linked to cryptocurrencies attracted about $2.7 billion in new money during the week ended 28 June, according to data compiled by CoinShares. The haul extends the inflow streak to 11 consecutive weeks and pushes first-half totals to $17.8 billion, already eclipsing any full-year tally on record.
Bitcoin vehicles remained the dominant draw, securing roughly $2.2 billion, or 83% of the weekly total. CoinShares estimates that US spot Bitcoin exchange-traded funds absorbed about 21,030 tokens during the period, more than six times the 3,150 coins created by miners, underscoring a widening supply–demand…
