Posted 11/6/2023, 4:37:00 PM
Crypto Funds See Best Inflows in Over a Year as Investors Warm to Bitcoin and Ethereum
- Crypto funds saw $767M in inflows over last 6 weeks, the best run since 2021 bull market
- Investment vehicles holding crypto saw $261M inflows last week, 6th straight week of gains
- Bitcoin funds dominate, bringing in $229M last week and $842M this year, supported by prospects of a spot BTC ETF
- Ether funds saw largest inflows ($17.5M) since August 2022, signaling warming to ETH
- Solana funds got $11M inflows last week as SOL price hit 14-month high