Crypto funds attracted 2 billion USD in inflows last week, pushing total inflows over three weeks to 5.5 billion USD. Despite Bitcoin’s brief spike to over 97,000 USD, the latest figures showed a 43% decline from the previous week.
BlackRock’s iShares benefitted significantly from 2.7 billion USD in new inflows, while short Bitcoin ETPs indicated increased bearish sentiment among investors. Meanwhile, other firms like ARK Invest experienced notable outflows.
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