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Crypto Investment Vehicles Rebound with $862M Inflows; Bitcoin’s Surge Drives Asset Growth

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Crypto Investment Vehicles Rebound with $862M Inflows; Bitcoin's Surge Drives Asset Growth

Crypto Investment Vehicles Rebound with $862M Inflows; Bitcoin’s Surge Drives Asset Growth

Crypto News – Last week, there was a notable resurgence in crypto-based investment vehicles, recording a cumulative influx of $862 million, as per insights shared by CoinShares analyst James Butterfill. This reversal of fortune comes on the heels of a prior week where funds managed by prominent asset managers like BlackRock, Fidelity, and Grayscale experienced unprecedented outflows amounting to $942 million, as reported by CoinShares at that time.

Boosted by last week’s surge in net inflows and the sustained ascent of Bitcoin’s price, which surpassed $70,000 for a significant portion of the week, the combined assets under management for all crypto funds tracked by CoinShares reached an impressive $97.9 billion.

Crypto Investment Vehicles Rebound with $862M Inflows; Bitcoin's Surge Drives Asset Growth

Notably, the bulk of the activity remains concentrated in funds related to Bitcoin. According to CoinShares data, BlackRock and Fidelity’s spot Bitcoin ETFs each attracted inflows exceeding $600 million last week. Conversely, Grayscale’s spot Bitcoin ETF observed substantial outflows totaling $960 million, resulting in its assets under management settling around $35 billion.

Amidst this dynamic landscape, the Ark Invest 21 Shares spot Bitcoin fund stood out with an exceptional performance, registering over $300 million in net inflows. This is a stark contrast to the previous week when the fund, now boasting over $3 billion in assets under management, only attracted a modest $30 million in capital inflow.

Crypto Investment Vehicles Rebound with $862M Inflows; Bitcoin's Surge Drives Asset Growth

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