Investors have piled $1 billion into crypto funds in 2023, the 3rd-highest annual inflow on record
Cryptocurrencies like bitcoin and ether have rebounded in 2023, helping to generate big inflows to crypto funds through the course of the year.
According to CoinShares, asset managers including ProShares, 21Shares, Grayscale, and others have seen more than $1 billion in inflows so far this year, with $293 million in just the last week.
Year-to-date inflows are at $1.14 billion, marking the third-highest on record, CoinShares said. At the same time, total assets under management jumped 9.6% last week, and 99% since the start of 2023.
Source - Yahoo Finance.