Crypto Funds See Best Inflows Since 2021 Bull Market, Bitcoin Dominates Asset Class

Investors are continuing to pour money into the cryptocurrency market, with crypto funds experiencing their best run of inflows since the 2021 bull market, according to a report by CoinShares. Investment vehicles holding cryptocurrencies saw $261 million of net inflows last week, marking six consecutive weeks of positive influx totaling $767 million. Bitcoin funds remain dominant, bringing in most of the inflows, while Ether funds saw their largest inflows since August 2022. The recent stretch of inflows signals rising demand for crypto assets among institutional investors.