Bitcoin leads $1.2B weekly haul for global crypto funds as institutional demand builds: CoinShares
Global crypto funds saw $1.2 billion in inflows last week, driven by strong institutional demand for Bitcoin.Summary
Global crypto investment products experienced $1.2 billion in net inflows last week, a slight decrease from the previous week's $1.4 billion, but indicating continued strong institutional demand. Bitcoin-based products led the charge, attracting $932.5 million, bringing year-to-date inflows to approximately $4 billion. Ethereum funds also saw significant inflows of $192.4 million. Major issuers like BlackRock, ARK 21Shares, and Fidelity reported substantial gains, while Grayscale experienced outflows. The United States accounted for the largest portion of inflows ($1.088 billion), with Germany, Switzerland, and Canada also contributing positively. The data suggests a resurgence of institutional interest in digital assets, even as the market anticipates the Federal Reserve's upcoming meeting.
(Source：The Block)