$1.1B Crypto Fund Inflows: Bitcoin Leads Surge [CoinShares]
Bitcoin products sucked in over $1.1 billion last week, the biggest crypto fund haul since January. Easing inflation and geopolitics lit the fuse—but don't pop the champagne yet.
⚡ Key Takeaways
- Crypto funds saw $1.1B inflows last week, strongest since January, led by $938M into bitcoin products. 𝕏
- Easing inflation and geopolitics drove the surge, but it's likely a relief rally tied to macro relief. 𝕏
- ETFs dominate with U.S. investors leading; alts like Ethereum lag far behind. 𝕏
- Bold prediction: Fed cuts could propel BTC to $80K, mirroring 2019 dynamics. 𝕏
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Originally reported by The Block