#Crypto fund inflows hit record highs#
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Overview
Crypto funds saw net inflows of $2.2 billion last week, a record high, driving total assets under management to $171 billion. Bitcoin funds saw the largest inflows, reaching $1.9 billion, while Ethereum funds experienced net outflows. Investments from institutions like BlackRock have fueled the growth of crypto funds, although inflows declined from the previous week.
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Analysis
Crypto funds recorded net inflows of $2.2 billion last week, the largest weekly inflow this year, also driving the AUM to a record high of $171 billion. This was mainly driven by "Trump's inauguration expectations" and the positive price trend of cryptocurrencies. Among them, Bitcoin led with inflows of $1.9 billion, while Ethereum saw net outflows, with Grayscale outflows of 5,707 ETH, about $18.91 million. BlackRock flowed in 3,570 BTC, about $373.23 million, currently holding 563,135 BTC, about $58.87 billion. It is worth noting that despite the record high inflows this week, they were down from the previous week's $4.8 billion.
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Classic Views
Crypto fund inflows hit a record high last week, with net inflows of $2.2 billion, pushing assets under management to $171 billion.
Bitcoin fund inflows dominated, with $1.9 billion flowing in last week, driving the growth in crypto fund inflows.
Investments from institutions such as BlackRock have driven bitcoin fund inflows. BlackRock currently holds 563,135 BTC, worth approximately $58.87 billion.
Ethereum fund outflows were more modest, with Grayscale outflows of 5,707 ETH, currently holding 1,391,098 ETH, worth approximately $4.61 billion.