Bitcoin Dominates as Crypto Funds Attract $1.44 Billion in Fresh Capital, Rally To Begin?
Summary
Global crypto investment products saw a $1.44 billion influx last week, bringing the year-to-date total to around $17.8 billion. Bitcoin-centric funds dominated the movement, with $1.35 billion inflow, while short-BTC products experienced net outflows of $8.6 million. US-based funds received the largest share of inflows at $1.3 billion, with significant inflows also seen in Switzerland, Hong Kong, and Canada. Ethereum-based investment products also enjoyed a $72 million increase in inflows. Both Bitcoin and Ethereum have seen noticeable rebounds in price following recent corrections, with Bitcoin currently trading at $63,764 and Ethereum at $3,396.
