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Crypto Funds Attract $1.9B: But One Major Issuer Still Bleeds Out
- Crypto funds saw $1.9 billion inflows, with Bitcoin products leading at $1.3 billion and Ethereum products gaining $583 million.
- Bitcoin rebounded from midweek lows while Ethereum held gains during the week with total assets under management in crypto funds reaching $179 billion.
- Bitcoin investment products attracted $1.3 billion in capital, recovering after a 20% crash following global tensions.
- Short-bitcoin products received $3.7 million inflows, showing investors hedged exposure, yet long positions continued to grow.
- BlackRock's iShares ETF products received $1.5 billion inflows, outperforming competitors with year-to-date inflows over $14.2 billion.
- Ethereum products gained $583 million, hitting record daily inflows, with Ether stabilizing around $2,628 amid market volatility.
- Year-to-date inflows into crypto funds hit $13.2 billion, setting a new all-time high, with assets under management at $179 billion.
- Despite overall growth, Grayscale experienced annual outflows, while ProShares had consistent year-to-date inflows of $437 million.
- Investors remain optimistic as both Bitcoin and Ethereum show signs of recovery, potentially leading to further fund accumulation.
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