Crypto Funds Net Inflows of $2.2 Billion Last Week, Record Managed Size
Gold Finance reports that global crypto funds managed by BlackRock, Bitwise, Fidelity, and Shades of Gray recorded net inflows of $2.2 billion last week, the largest single-week inflows so far this year, according to a new report from asset management firm CoinShares, driven by “Trump inauguration anticipation” and positive cryptocurrency price movements. This pushed crypto fund assets under management (AUM) to a record high of $171 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Synopsys (SNPS.US) partners with OpenAI to develop AI models for chip design, revenue-sharing model drives stock price up by 7%
On Wednesday, chip design software provider Synopsys (SNPS.US) announced that it has reached a partnership agreement with OpenAI. Both parties will jointly develop AI models for the chip business and share related revenues.
BoJ Summary of Opinions: Member says appropriate to keep raising rates in line with economy, price
Rio Tinto secures Bell Bay aluminum smelter operations till 2031
The British Pound rallies on a UK growth upgrade and gives more than half back
Crypto prices
More
