April 26, 2024

Crypto funds attracted a record $ 1.5 billion in investments in a week

Crypto funds attracted a record $ 1.5 billion in investments in a week

According to CoinShares, over the past week, investors have poured $ 1.47 billion into digital asset investment products. Cryptocurrency funds received 99% of this capital inflow.

The lion's share of the investment fell on the bitcoin futures ETF launched on October 19 fromProShares, which raised $570 million in the first day of trading alone, was also helped by the growth of the digital assetmarket, which led BTC to reach a new all-time high of $67,000.

The $1.47 billion investment is a record figure for the crypto market, whichmore than 2.2 times higher than the previousmaximum of $ 640 million recorded in February 2021. For comparison, the week before last, only about $ 80 million was invested in products based on digital assets.

Amid increased attention to bitcoin fundsthere is a decrease in interest in products based on ethereum. Even despite the rise in the ETH rate on October 21 to a record $ 4,361, over the past week, capital outflow from products based on it amounted to $ 1.4 million.

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