Crypto Investment Funds Shatter Records with $3.85 Billion in Weekly Inflows, with ETH and XRP Standing Out
Cryptocurrency investment products saw their highest weekly inflows ever last week, as investors poured $3.85 billion into these funds amid a cryptocurrency market rally that saw the price of Bitcoin briefly top the $100,000 mark before correcting lower.
According to CoinShares’ Digital Asset Fund Flows report, Bitcoin-focused investment products saw a $2.56 billion inflow last week, while products offering exposure to Ethereum’s Ether, the second-largest cryptocurrency by market capitalization saw $1.15 billion inflows, a record high for these products.
Products offering exposure to the native token of the XRP Ledger, XRP, also stored out with $134.3 million inflows, nearly half of the $275…
