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Crypto funds celebrate a new record. They manage over $ 72 billion

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Accredited investors continue to increase the rate of investment in cryptocurrencies, although in the past week, according to a CoinShares report, they have invested less in them through crypto funds than in the week before. This time it was almost $ 80 million.

At the beginning of the week, CoinShares publishes the results of the largest cryptocurrency funds Grayscale, CoinShares, 3iQ, Purpose, 21Shares, ETC Group and Bitwise. According to the latest report, another $ 79.6 million was poured into these funds in the week beginning October 11.

Most capital flowed back into BTC – almost 70 million. Polkadot (3.6m), Cardano (2.7m) and a basket of various crypto assets (1.6m) also finished in the black. On the contrary, ETH (-0.9m) and Solana (-0.3m) did not succeed, which ended in red numbers.

Crypto funds celebrate a new record. They manage over $ 72 billion

This is the ninth week in a row with a plus sign in the final balance sheet. Before that, we followed 10 weeks, in which up to 9 cases the cryptofonds ended up in red numbers. As for BTC, it recorded its fifth week in a row.

In the final balance sheet, the cryptofunds manage capital worth a total of $ 72.3 billion, which is a new record. BTC alone is $ 50.2 billion. In second place is ETH with $ 16 billion.

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All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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