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Coinshares Company Announces Its Weekly Crypto Fund Report The funds had a net investment of $2.2 billion. The total crypto fund value under management also broke its all-time record with $138 billion. While $1.4 billion was invested in bitcoin funds, ether funds broke their long-term silence and saw inflows of $646 million. This figure corresponds to 5 percent of the total Ether fund under management.
Big Investment in Short Bitcoin
On the other hand, there was a significant investment in short bitcoin funds that invested in the fall of bitcoin. The funds received $48.5 million in investments. Investors may have invested in these funds following Bitcoin’s rapid rise to $94,000.
ADA and XRP rally in altcoins
Last week’s soaring values of ADA and XRP also had an impact on altcoin funds. Funding for ADA was also high, boosted by Cardano founder Charles Hoskinson’s announcement that he will work with the US government to develop crypto regulations. ADA Funds received $3.4 million in investment.
Although it was considered certain that Gary Gensler would leave his job, the situation led to a rally in XRP. The XRP rally saw $4.3 million invested in funds for this cryptocurrency.
Inflows of $700 thousand in Litecoin and $24 million in Solana funds were also notable.
While the USA was again the country where the most investments were made, BlackRock’s iShares ETFs saw a total of $2.1 billion net investment.
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