Crypto funds log second week of inflows after massive $5.5B sell-off
Crypto ETPs attracted $716 million in inflows last week, marking two consecutive weeks of gains after significant prior outflows.Summary
Cryptocurrency investment products saw $716 million in inflows last week, following a $1 billion inflow the previous week, signaling a rebound after a massive $5.5 billion in four-week outflows. These inflows pushed total assets under management (AUM) past $180 billion, though still below the all-time high. Bitcoin led the gains with $352 million, followed by XRP funds at $244 million. Notably, Chainlink funds recorded a record $52.8 million inflow, representing 54% of its AUM. Conversely, short Bitcoin ETPs saw $19 million in outflows, and Ether funds had minor inflows of $39 million. Among issuers, ProShares led with $210 million, while BlackRock experienced $105 million in outflows. Geographically, the US, Germany, and Canada saw the largest inflows.
(Source：Cointelegraph)