Crypto Funds Receive Record $1.47B
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Oct. 26, 2021

Fund inflows into digital asset-based products between October 16 and October 22 amounted to an all-time high of $1.47 billion, while the figure climbs to $8 billion since the beginning of the year, according to data provided by CoinShares.

The previous record, $670 million, was reached in February. Inflows to date have surpassed those for all of 2020 ($6.7 billion).

The total amount of funds in cryptocurrency-based products has risen to a new record of $76.7 billion. Over the last week, the figure has reached 79.2 billion after Bitcoin surpassed $67,000.

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Analysts believe that this dynamic is due to the successful launch of two Bitcoin ETFs, those of ProShares and Valkyrie Investments, in the US. Investments in these products amounted to $1.24 billion.

As a result, the inflow of funds to Bitcoin-based funds amounted to 1.45 billion, in Solana, Cardano, Binance Coin - to 8.1 million, 5.3 million and 1.8 million, respectively.

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