Crypto investment funds have seen significant growth, attracting $1.35 billion in inflows over the past seven days. This brings the total inflows for the last 21 days to $3.2 billion, as positive market sentiment continues to rise. According to a recent CoinShares report, Bitcoin (BTC) led the way with $1.27 billion in inflows, while short Bitcoin experienced $1.9 million in outflows, totaling $44 million since March. This trend indicates improved market sentiment since Bitcoin’s halving.
However, blockchain equities faced exits, with tokens recording $8.5 million in inflows last week. Despite these exits, trading volumes increased by 45% from the previous week, showcasing strong market activity, although the overall crypto market saw a 22% decline in volumes.
Geographically, the United States led with $1.3 billion in inflows, while Canada saw $7.8 million. Conversely, Brazil and Hong Kong experienced minor outflows of $5.2 million and $1.9 million, respectively.
Altcoin products also saw positive movements. Ethereum (ETH) recorded $45.3 million in inflows, bringing its monthly total to $128 million, driven by optimism for spot Ethereum ETFs in the United States. Multi-asset funds saw $16.7 million in inflows, while Solana (SOL) and Ripple (XRP) gained $9.6 million and $0.5 million, respectively. These inflows have raised the assets under management (AUM) of crypto investment funds to $97.6 billion, with continued optimism for further growth.
The positive shift in market sentiment has been fueled by the approval of spot Bitcoin ETFs, renewing institutional interest in digital assets. This renewed interest is also reflected in the increased numbers for decentralized finance (DeFi) products.
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