Crypto funds had their best run of inflows since the 2021 crypto bull market as investors keep piling into the market, digital asset management firm
Investment vehicles holding cryptocurrencies saw $261 million of net inflows last week, recording six consecutive weeks of positive influx totaling $767 million inflows, according to CoinShares data. "This run of inflows now matches the July 2023 run of inflows and is the largest since the end of the bull market in December 2021," CoinShares head of research James Butterfill noted.funds still dominate the asset class, bringing in most of the inflows, some $229 million last week and $842 million this year. This is likely supported by the growing odds of a spot-based bitcoin ETF getting an approval in the U.S. and some softer macroeconomic data, Butterfill explained.
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