$1.4 Billion Just Walked Into Bitcoin...
Crypto investment products pulled in $1.4 billion in net inflows last week, the strongest weekly total since January and the third consecutive week of positive flows, according to CoinShares.
Bitcoin led with $1.116 billion, lifting its year-to-date total to $3.1 billion, while Ethereum posted $328 million, its best week since January.
Total assets under management climbed to $155 billion, with weekly flows at 0.91% of AUM, the highest weekly intensity of the year. The money isn't just coming back. It's coming back fast. 👀
The US dominated with $1.5 billion in inflows. Switzerland bucked the trend with $138 million in outflows, its largest exit since November. Someone in Zurich is having a very awkward Monday morning. 😅