Crypto investment funds have seen their longest run of inflows since the 2021 bull market, signaling renewed institutional appetite for digital assets.
According to digital asset manager CoinShares, crypto funds brought in $261 million in net inflows last week, marking the sixth consecutive week of positive inflows. The $767 million in inflows over this period represents the strongest influx since the crypto market peak in late 2021.
Keypoints
- Crypto funds saw $767 million of inflows over the past 6 weeks, the largest since the 2021 bull market.
- Bitcoin funds attracted most of the inflows, totaling $842 million so far this year. This is likely driven by growing speculation of a spot bitcoin ETF approval.
- Ether funds saw their biggest weekly inflow of $17.5 million since August 2022, signaling renewed interest in ETH.
- Solana, Chainlink, Polygon, and Cardano also saw notable inflows as investors diversify into…
