Last week, U.S.-based crypto funds experienced net inflows of 2.1 billion USD. This significant growth was prompted by the positive market sentiment surrounding the inauguration events and favorable price actions in major cryptocurrencies.
Global crypto funds registered total inflows of 2.2 billion USD, reaching an all-time high in assets under management of 171 billion USD. Bitcoin-based products led the way, contributing 1.9 billion USD to this increase.
Ethereum funds also saw a recovery with 246 million USD in inflows, while XRP attracted an additional 31 million USD, boosting its total inflows to 484 million USD since mid-November.