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⛓️ Crypto🟢 BullishImportance 6/10
Crypto funds gain $619M as markets hold up despite oil and war fears
🤖AI Summary
Cryptocurrency investment funds attracted $619 million in inflows last week, with Bitcoin ETPs contributing $521 million and turning positive year-to-date. The strong performance occurred despite ongoing geopolitical tensions related to Iran and concerns about oil market volatility.
Key Takeaways
- →Crypto funds received $619 million in total inflows last week despite geopolitical uncertainty.
- →Bitcoin ETPs specifically gained $521 million, turning positive for the year-to-date performance.
- →Cryptocurrency markets demonstrated resilience amid Iran-related geopolitical tensions and oil market fears.
- →The inflows suggest continued institutional and investor confidence in crypto assets during uncertain times.
#bitcoin-etf#crypto-funds#institutional-investment#geopolitical-risk#market-resilience#iran#oil-markets#inflows
Read Original →via CoinTelegraph
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