Crypto Funds Surge to $30 Billion, Bitcoin Breaks Records

Trading Volume Boom

The crypto investment world has hit a major milestone, with trading volumes soaring to a record $30 billion last week. This surge indicates a growing acceptance of cryptocurrencies in mainstream financial portfolios.

Crypto Funds Inflows

Crypto funds also experienced a significant influx, with $1.84 billion in net inflows. US spot Bitcoin ETFs led the charge, accounting for half of global daily Bitcoin trading volumes at times.

Bitcoin Dominates

Bitcoin investment products dominated the inflows, accounting for 94%. US-based funds were particularly active, with net inflows reaching $1.88 billion.

Altcoins See Mixed Fortunes

Ethereum saw its largest weekly inflows since mid-2022, totaling $84.7 million. Polygon also received $7.6 million in investments. However, Solana faced outflows of $11.9 million.

Bitcoin Breaks Records

Bitcoin’s value has surged to new heights, reaching levels not seen in two years. As of now, Bitcoin is trading above $66,000, just $3,000 shy of its all-time high.

Ethereum on the Rise

Ethereum has also experienced growth, with its trading price climbing above $3,500. This represents the highest price since 2022.