Crypto Funds Net Inflows of $2.2 Billion Last Week, Record Managed Size
Gold Finance reports that global crypto funds managed by BlackRock, Bitwise, Fidelity, and Shades of Gray recorded net inflows of $2.2 billion last week, the largest single-week inflows so far this year, according to a new report from asset management firm CoinShares, driven by “Trump inauguration anticipation” and positive cryptocurrency price movements. This pushed crypto fund assets under management (AUM) to a record high of $171 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Arthur Hayes: I Don't Think Trump Will Embark on Building a Bitcoin Reserve
ARB price reaches $0.7204 per coin, up 3.54% on the day
FIL price reaches $5.169 per coin, up 2.03% on the day
LINK price reaches $25.61 per coin, up 2.11% on the day