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2023
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$BTC Crypto funds notch $1.9B of inflows as Bitcoin rebounds With a fresh week of inflows recorded, crypto ETPs have reached a new record of year-to-date inflows of $13.2 billion. Cryptocurrency investment products continued their multi-week inflow streak as Bitcoin traded close to new highs and Ether briefly surged past $2,800 for the first time since February. Global crypto exchange-traded products (ETPs) recorded $1.9 billion of inflows in the trading week ended Friday, moving a nine-week streak of inflows to $12.9 billion, CoinShares reported on Monday. With the new inflows, crypto ETPs set a historic record of year-to-date (YTD) inflows of $13.2 billion, wrote CoinShares’ head of research, James Butterfill. Total assets under management (AUM) in crypto ETPs edged up to $179 billion from last week’s $175.9 billion. Bitcoin is back topping the inflows After two weeks of minor outflows, Bitcoin BTC $108,561 investment products recovered to see significant gains, topping the chart last week with $1.3 billion of inflows. Short-Bitcoin products also recorded modest inflows of $3.7 million, though their AUM remained low at $96 million. Ether ETH $2,654 ETPs ranked second in inflows, maintaining their positive trend with a further $583 million in inflows last week. According to CoinShares’ Butterfill, the inflows marked ETH product’s largest gains since February, including their strongest single-day inflows. Following a three-week run of outflows, XRP XRP $2.32 investment products saw $11.8 million in inflows last week, while Sui SUI $3.12 products saw a further $3.5 million in inflows. BlackRock’s crypto ETF inflows surge to $1.5 billion BlackRock’s iShares exchange-traded funds (ETFs) led the gains among issuers last week with $1.5 billion of inflows, pushing YTD inflows past $14.2 billion. All US-issued crypto ETFs followed with minor weekly inflows of up to $95 million, while the European fund, CoinShares XBT Provider, posted minor outflows of $17 million.
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#VietnamCryptoPolicy Vietnam has officially legalised crypto assets as part of a landmark digital technology law passed by the National Assembly on 14 June. Set to take effect on 1 January 2026, the law creates a regulatory framework classifying digital assets as virtual or crypto assets. What to know: Vietnam passed the Digital Technology Industry Law, which officially recognizes digital and crypto assets. The law categorizes digital assets into two groups: virtual assets and crypto assets, with crypto assets defined by their use of encryption in validating creation and transfers. The law also introduces incentives for blockchain startups and digital infrastructure developers, including state subsidies, tax exemptions and more. Vietnam passed a law officially recognizing digital and crypto assets, taking a decisive step toward regulating and promoting the cryptocurrency economy. The Digital Technology Industry Law was passed on June 14 and takes effect Jan. 1, 2026. It outlines a broad framework for managing digital assets and fostering blockchain innovation, according to local media. This legal recognition comes as Vietnam seeks to improve its stance in the rankings of the Financial Action Task Force, an international organization that sets standards to tackle money laundering and financing of terrorism. The country is designated on the FATE's grey list for insufficient anti-money laundering controls, particularly concerning virtual assets. The legislation categorizes digital assets into two groups: virtual assets and crypto assets. While both fall outside traditional financial definitions such as securities or central bank digital currencies, crypto assets are categorized by their use of encryption in validating creation and transfers.
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