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Crypto Fund Inflows Hit $716 Million as Bitcoin, XRP, and Chainlink Lead Institutional Shift

BeInCrypto
Crypto funds saw $716 million in inflows, marking a second consecutive week of capital attraction driven primarily by Bitcoin, XRP, and Chainlink.

Summary

Crypto funds experienced $716 million in inflows, the second straight week of positive capital movement, pushing total assets under management (AuM) to $180 billion. The inflows were broad-based, with the US leading at $483 million, signaling renewed institutional interest across North America and Europe. Bitcoin was the top recipient, attracting $352 million, although short-Bitcoin products saw $18.7 million in outflows, suggesting traders are abandoning bearish positions. XRP recorded strong demand with $245 million in inflows, significantly boosting its year-to-date total, while Chainlink saw a record $52.8 million intake. Analysts noted minor daily outflows coinciding with US inflation data, indicating sentiment remains sensitive to Federal Reserve signals, but the overall trend suggests growing institutional confidence following November's surge.

(Source:BeInCrypto)