Crypto Fund Inflows Hit Record $1.5B as Bitcoin Futures ETFs Go Live

Posted on by American Coins & Gold

Crypto Fund Inflows Hit Record .5B as Bitcoin Futures ETFs Go Live
Investors pumped a record $1.47 billion of new money into digital asset investment products last week, fueled by a rally in cryptocurrencies and the launch of the first bitcoin futures exchange-traded fund, a report Monday by CoinShares showed.The increase in flows came as bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, surged to an all-time high of $66,974 last week.The previous weekly record came in February, when inflows totaled $640 million. The past week’s inflows into crypto funds pushed the year-to-date total to $8 billion.Bitcoin-focused funds dominated last week’s inflows, with a 99% share of all inflows into cryptocurrency…