Crypto Funds Surge with $2.2B Inflows: Is Bitcoin’s Record High Driving the Boom?

The post Crypto Funds Surge with $2.2B Inflows: Is Bitcoin’s Record High Driving the Boom? appeared first on Coinpedia Fintech News

Global crypto funds, including those managed by BlackRock, Bitwise, and Fidelity, saw a record $2.2 billion in inflows last week, bringing year-to-date inflows to $33.5 billion. This surge, driven by Bitcoin hitting new all-time highs above $93,000, has pushed assets under management to $138 billion. While U.S.-based funds led with $2.21 billion in net inflows, other regions, including Hong Kong, Australia, and Canada, also saw positive movements. Bitcoin-based products received $1.48 billion in inflows, while Ethereum investments gained $646 million. Despite a strong start, the week ended with $866 million in outflows following Bitcoin’s price peak.