Analysts noted a record influx into crypto funds since the beginning of the year.
Inflow into cryptocurrency investment products from March 30 to April 5 amounted to $646 million, with total inflows reaching a record $13.8 billion since the beginning of the year. These data were provided by analysts from CoinShares.
Instruments related to bitcoin saw an inflow of $663 million, while the previous figure was $865 million.
Among structures that allow for short positions in the first cryptocurrency, clients withdrew funds for the third consecutive week—$9.5 million after $2 million the previous week.
In Ethereum funds, analysts recorded a continued outflow—$22.5 million ($18.9 million in the previous reporting period). The situation in other altcoins is more positive: inflows into Litecoin, Solana, and Filecoin were $4.4 million, $4 million, and $1.4 million respectively.
Recall that Morgan Creek Capital CEO Mark Yusko predicted a “parabolic” rise in the price of the first cryptocurrency after the halving. According to him, the price will reach $150,000 by the end of the year.
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