📊 Crypto funds are pouring in $1 billion.
⚡When Bitcoin is nearby, but the heart chooses ETH⚡
Institutionals are not slowing down: over the past week, $1.04 billion flowed into crypto funds - the 12th consecutive week of inflows. Total assets under management rose to a record $188 billion. Apparently, inflation, elections, and chaos are not as scary as missing out on growth.
🇺🇸 The USA carries almost the entire volume ($1 billion), while Canada and Brazil are giving back. Are they cooling off or just forgot the password?
💥 Ethereum has surged ahead in pace: 1.6% of AuM compared to 0.8% for Bitcoin. $226 million in a week and 11 weeks of consecutive inflows. Apparently, smart contracts inspire more trust than Bitcoin maximalism.
⚖️ BTC also received $790 million, but these volumes are not the same - apparently, it’s resting at the high, chewing on gravity.
Conclusion: big players are still buying, but looking at ETH, maybe they know something we don’t?
