🚀 Crypto funds surpass $1 billion in yearly inflows! Digital asset investment products saw net inflows of $293 million last week, pushing the year-to-date total to a whopping $1.14 billion. This marks the third highest yearly inflows on record, with Bitcoin funds accounting for $240 million of last week's inflows.

The crypto market has been rallying, fueled by optimism over potential U.S. regulatory approval of a spot Bitcoin ETF. Bitcoin has gained 37% since October, and its year-to-date advance is now around 122%.

Notably, Bitcoin ETP volumes made up 19.5% of total Bitcoin trading volumes on exchanges, a rare occurrence suggesting ETP investors are participating more in this rally compared to 2020/21.

Meanwhile, Ether funds saw their largest net inflows since August 2022, totaling $49 million last week, likely driven by BlackRock's spot Ether ETF application.

What do you think about this surge in crypto fund inflows? Share your thoughts in the comments! 💬