Crypto funds post $1.9B inflows as Ether leads weekly gains
Last week, cryptocurrency investment products experienced inflows totaling $1.9 billion, marking the 15th consecutive week of positive inflows despite Bitcoin recording minor outflows. These inflows align with market volatility, as Bitcoin's value fluctuated, while Ether, in particular, showed strength. Ether investment products attracted $1.59 billion, contributing to the second-largest weekly inflow ever recorded for Ether ETPs. Other altcoins like Solana and XRP also saw significant gains, with $311.5 million and $189.6 million in inflows, respectively. However, Bitcoin ETPs faced outflows of $175 million, breaking a prior streak of inflows. Analysts suggest that the disparity between Bitcoin and altcoin investment may indicate a growing anticipation for altcoin ETFs, rather than signaling a broader altcoin season. Overall, the year-to-date inflows have reached a new high of $29.5 billion, with total assets under management surpassing $221.4 billion, and month-to-date inflows breaking records with $11.2 billion.
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