Crypto Funds Hit New Milestones
Crypto investment funds saw record inflows of $2.2 billion last week, pushing assets under management to a new high of $138 billion. Bitcoin and Ethereum exchange-traded funds (ETFs) led the surge, reflecting increasing demand from both institutional and retail investors.Spot Bitcoin ETFs Drive Interest
Spot Bitcoin ETFs in the U.S., managed by firms like BlackRock and Grayscale, were a key driver of the inflows. Ethereum products also saw substantial investment, with $646 million added. These funds offer streamlined and regulated crypto exposure, appealing to a broad investor base.Market Confidence Soars
Bitcoin’s price surged past $93,000, driven by ETF inflows and positive sentiment following Trump’s pro-crypto election victory. This momentum highlights growing acceptance of crypto as a mainstream asset class, further cemented by the increasing popularity of regulated investment products.
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