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Crypto Funds Hit All-Time High Inflows of $29 Billion—Can This Growth Be Sustained?

Bitcoinist LogoBitcoinist2w ago

Crypto Funds Hit All-Time High Inflows of $29 Billion—Can This Growth Be Sustained? - Bitcoinist

Quick Summary:

This year has seen a major surge in inflows for crypto investment products, hitting an annual record of $29.2 billion, as revealed by a recent report from CoinShares.

Weekly net inflows for the past week alone reached $2.18 billion, driven by various market factors and influenced significantly by the political climate in the United States.

This is only the second time crypto funds have reached this level, last seen in June at a peak of $102 billion.

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Crypto Funds Hit All-Time High Inflows of $29 Billion—Can This Growth Be Sustained? - Bitcoinist (Picture 1)Crypto Funds Hit All-Time High Inflows of $29 Billion—Can This Growth Be Sustained? - Bitcoinist (Picture 2)

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Article Details

Author / Journalist: Samuel Edyme

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 03:00:18 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 457 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23420786

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About Bitcoinist

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Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 11 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

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The story "Crypto Funds Hit All-Time High Inflows of $29 Billion—Can This Growth Be Sustained?" was covered 2 weeks ago by Bitcoinist, a news publisher based in Hungary.

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Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news.

The outlet is headquartered in Hungary and publishes an average of 11 news stories per day.

It's most recent story was published 9 hours ago.

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  • URL: https://beamstart.com/news/crypto-funds-hit-all-time-17307770812282

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