In the last six weeks, there has been a total of $767 million in inflows into crypto funds. This also represents the largest fund inflow into Ethereum since August 2022, according to the latest report published by CoinShares. In the last six weeks, an additional $261 million was added to crypto funds, reaching a total of $767 million, breaking the previous record set since 2022.
The Largest Fund Inflow Since December 2021!
This recent increase also represents the highest figure since the end of the crypto bull market in December 2021. CoinShares Research Director James Butterfill also mentions that this surge is likely due to the increased likelihood of spot-based Bitcoin exchange-traded funds (ETFs) being approved in the United States.
Ethereum Breaking Records
Furthermore, Ethereum has played a significant role in this increase. Ethereum funds achieved a new record by receiving the highest inflow since August 2022, totaling $17.5 million.
“These increases are generally supported by weaker-than-expected U.S. macroeconomic data, raising questions about the impact of the U.S. monetary policy.”James Butterfill
Source: The Block