US crypto ETFs smash new record amid 4-week inflow streak 📈
Cryptocurrency investment products witnessed significant inflows, with $6.3 billion recorded in the past four weeks, as reported by CoinShares. This accounts for 93% of total inflows year-to-date, nearing the all-time high asset levels.
US crypto ETFs broke records with a cumulative $62.9 billion since January 2024, surpassing previous highs in February, indicating strong investor demand.
Assets under management globally climbed to $169 billion, very close to the historic high of $173.3 billion. Bitcoin dominated with $867 million in last week's inflows, raising its year-to-date to $6.6 billion.
Sui emerged as the biggest winner among altcoins, while Solana saw notable outflows last week. Overall, BlackRock's iShares benefited the most, continuing to attract significant inflows amidst changing market dynamics.
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