Crypto funds across the globe have attracted $2.5 billion, propelling the total assets under management back to the highs of December 2021. The spotlight shines on U.S. spot Bitcoin exchange-traded funds (ETFs), fueling a remarkable $5.2 billion in year-to-date inflows.
Consequently, the assets under management at leading crypto investment firms have soared to $67 billion. This peak mirrors the zenith of the last bull market, showcasing renewed vigor in the crypto space.
Moreover, the U.S. continues to lead the charge, claiming 99% of the weekly inflows. Meanwhile, European nations like Switzerland and Germany posted modest gains, and Sweden faced minor setbacks.
Diverse Altcoin Funds Also Gain Traction
Altcoins are not far behind, with Ether, Avalanche, Chainlink, and Polygon all reporting consistent inflows. However, Solana faces challenges, with recent network issues prompting a dip in investor confidence.
Blockchain equity ETFs saw a shift as investors decided to pocket their gains, leading to $167 million in outflows. This dynamic week underscores the growing allure of Bitcoin ETFs in the U.S., setting the stage for an exciting year in the crypto investment landscape.
Also Read: Japan Expands VC Access to Crypto and Web3 Startups
