Bitcoin Dominates Crypto Fund Inflows with $1.6 Billion
- Bitcoin (BTC) attracted $1.55 billion, representing over 71% of last week’s total crypto fund inflows of $2.17 billion.
- Ethereum (ETH) saw inflows of $496 million, surpassing the previous week’s total for all crypto products combined.
- XRP and Solana recorded inflows of approximately $70 million and $46 million, respectively.
- Total assets under management in crypto funds exceeded $193 billion for the first time since early November.
- The US led the inflows with $2 billion, while Sweden and Brazil experienced minor outflows of $4.3 million and $1 million, respectively.
Last week marked a significant increase in crypto investment products, with Bitcoin leading the charge amid discussions around potential regulatory changes affecting stablecoin yields.
With Bitcoin’s dominance evident in its substantial inflow figures, the latest data indicates a robust interest in cryptocurrency investment as total assets rise above $193 billion. (Source)
