Crypto funds post $1.9B inflows as Ether leads weekly gains
Cryptocurrency investment products experienced inflows of $1.9 billion in the week ending July 25, marking the 15th consecutive week of net inflows. Despite Bitcoin ETPs seeing minor outflows of $175 million, Ether investment products led the gains with $1.59 billion in inflows, recording the second-largest weekly inflow for Ether ETPs. Year-to-date inflows reached $29.5 billion, and total assets under management climbed to $221.4 billion. Month-to-date inflows also set a new record at $11.2 billion. While Solana and XRP ETPs followed Ether with inflows totaling $311.5 million and $189.6 million respectively, Bitcoin's recent outflows suggest a divergence in market sentiment, possibly driven by anticipations around potential altcoin ETFs rather than a broader altcoin season. Minor outflows were noted in Litecoin and Bitcoin Cash. This trend reflects a shift in investment focus within the cryptocurrency ecosystem as market volatility continues.
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