Crypto funds at asset managers such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares and 21Shares registered another $646 million worth of inflows globally last week, according to CoinShares’ latest report.
It marks a continued rebound for global crypto funds, following the nearly $1 billion worth of outflows witnessed for the week ending March 22. However, there are also signs of exchange-traded fund hype moderating, CoinShares Head of Research James Butterfill wrote. The U.S. spot Bitcoin ETFs continue to dominate, representing $484.5 million of last week’s net inflows, according to The Block’s data dashboard.
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