May 28, 2024

Analysts noted a record influx into crypto funds since the beginning of the year.

Cryptocurrency news, investments in cryptocurrencies
Cryptocurrency news, investments in cryptocurrencies

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.

Analysts note record inflows into crypto funds since the beginning of the yearAnalysts note record inflows into crypto funds since the beginning of the year
Data: 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.

Analysts note record inflows into crypto funds since the beginning of the yearAnalysts note record inflows into crypto funds since the beginning of the year
Data: CoinShares.

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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