Massive Surge in Cryptocurrency Funds and US Stock Inflows

The post Massive Surge in Cryptocurrency Funds and US Stock Inflows appeared first on Coinpedia Fintech News

Both cryptocurrency funds and US equity funds have experienced a remarkable influx of capital. US stock funds, in particular, have seen an astonishing $56.1 billion inflow, with Technology funds emerging as the standout performers. Cryptocurrency funds also achieved a milestone with a record-breaking $3.4 billion in inflows for the same week. Institutional interest seems revived with Merrill Lynch of Bank of America and Wells Fargo offering spot BTC ETFs to their clients. The inclusion of cryptocurrency on mainstream financial platforms comes after the approval of spot Bitcoin ETFs in January. Cash was also preferred as safe with $49.7 billion inflows in cash during the same period.