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Last week, when Bitcoin crossed 67 and 68 thousand dollars, inflows into crypto funds were again at a record level after months. Funds saw their biggest inflows since July, with net investments of $2.2 billion.
Solana and Litecoin…
While bitcoin was the fund that received the most investment with $2.1 billion, the figure for ether funds was $57 million. Solana funds $2.4 million inflows, making it the second most invested altcoin of 2024. $1.7 million inflows for Litecoin, for which Canary Capital Company applied for an ETF last week. Net investment in Litecoin funds has also increased to $41 million since the beginning of the year.
A brief introduction to Bitcoin
It’s also worth noting that short bitcoin funds had a huge inflow of $12.3 million, compared to $6.3 million in outflows last week. Thus the funds which were in the negative at the beginning of the month have turned positive.
There was also an outflow of $1.5 million from Cardano funds.
Among ETFs, iShares, BlackRock’s Bitcoin spot fund, received the most investments. $1.1 billion went into the IBIT fund. Grayscale’s Bitcoin fund also saw net inflows of $68 million. The figures were $319 million for Fidelity and $306 million for ARC Invest.
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