#Crypto fund inflows hit all-time high#
Hot Topic Overview
Overview
Crypto funds saw record inflows last week, hitting $2.2 billion, the largest weekly inflow so far this year, pushing assets under management (AUM) to a record high of $171 billion. Bitcoin saw the largest inflows, at $1.9 billion, followed by Ethereum at $246 million. CoinShares reported that the inflows were driven primarily by optimism surrounding the inauguration of President Trump, with investor interest in cryptocurrencies continuing to rise.
Ace Hot Topic Analysis
Analysis
Cryptocurrency funds recorded net inflows of $2.2 billion last week, marking the largest weekly inflow this year and pushing assets under management (AUM) to a record high of $171 billion. This is primarily attributed to "Trump inauguration expectations" and the positive price movement of cryptocurrencies. Of this, Bitcoin saw inflows of $1.9 billion, Ethereum $246 million, and altcoin XRP $31 million. It's noteworthy that despite Ethereum's price rebound, inflows lagged behind Bitcoin.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump's inauguration sparked optimism in the cryptocurrency market, leading to record inflows into crypto funds last week, reaching $2.2 billion.
Bitcoin was the biggest beneficiary, with inflows reaching $1.9 billion, while Ethereum saw inflows of $246 million.
Total assets under management (AUM) of crypto funds also rose to a record high of $171 billion.
This indicates that investor confidence in the cryptocurrency market is strengthening and more funds are expected to flow in in the future.