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Bitcoin-based funds lead $619 million in weekly crypto ETP inflows despite Iran-driven market volatility: CoinShares
π€AI Summary
Cryptocurrency ETPs attracted $619 million in weekly inflows, with Bitcoin-based funds leading the surge despite market volatility caused by rising oil prices and Iran-related geopolitical tensions. The strong inflows represent a continued two-week recovery in investor demand for crypto investment products.
Key Takeaways
- βCrypto ETPs received $619 million in weekly inflows, demonstrating strong institutional demand.
- βBitcoin-based funds were the primary drivers of the significant capital inflows.
- βInvestment demand continued recovering for the second consecutive week despite market volatility.
- βGeopolitical tensions involving Iran and rising oil prices created market uncertainty.
- βInstitutional investors showed resilience by maintaining crypto allocations amid external volatility.
#bitcoin-etf#crypto-etps#institutional-flows#geopolitical-risk#market-volatility#iran-conflict#oil-prices#investment-demand
Read Original βvia The Block
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