$BTC Crypto fund inflows surge to $ 572 million after Trump backs cryptocurrencies in 401(k) retirement plans - Cryptopolitan - Crypto fund inflows surged to $ 572 million following Trumps decision to allow 401(k) funds to invest in cryptocurrencies. Crypto fund inflows surged to $ 572 million following Trumps decision to allow 401(k) funds to invest in cryptocurrencies. #Ethereum led the way with $ 268 million in inflows, extending its YTD record to $ 8.2 billion. #Bitcoin is rebounding with $ 260 million in weekly inflows after several periods of outflows. Crypto fund inflows rose to $ 572 million after President Trump approved legislation allowing 401(k)-funds access to cryptocurrency investments. CoinShares $ 1 billion in outflows earlier in the week changed to inflows after the government approved the use of digital assets in retirement plans. Ethereum led the way with $ 268 million in inflows, while bitcoin added $ 260 million. However, total weekly volume was down 23% during the quieter summer trading period. ETF iShares dominated with weekly inflows of $ 294 million, maintaining its strong monthly performance at $ 292 million. The company leads the year-to-date inflows with $ 26.9 billion and has $ 98.9 billion in assets under management. iShares still holds the largest market share among crypto fund providers. Grayscale Investments has seen continued outflows, with $ 87 million leaving it in a week. Monthly outflows reached $ 99 million and year-to-date outflows totaled $ 1.5 billion, despite $ 35.4 billion in AUM. The provider is experiencing investor outflows over different time frames. Fidelity Wise Origin Bitcoin Fund posted negative flows of $ 55 million for the week and $ 387 million for the month. Crypto fund inflows surge to $572 million after Trump backs Crypto fund inflows surged to $572 million following Trumps decision to allow 401(k) funds to invest in cryptocurrencies. Ethereum led the way with $268#BuiltonSolayer #USFedBTCReserve