Crypto funds smash records with $5.95B inflows amid shutdown concerns 📈
Crypto ETPs experienced unprecedented inflows, reaching a total of $5.95 billion last week. This surge was primarily driven by an impressive $3.6 billion in Bitcoin inflows. The substantial rise in investments comes amidst growing worries regarding a potential shutdown of the US government.
Investors appear to be seeking refuge in crypto assets, seeing them as a hedge against traditional financial uncertainties caused by political turmoil. This trend underscores the increasing appeal of digital assets as a critical component of diversified investment strategies.
The new records highlight crypto's resilience and the sustained confidence of market participants in the face of economic and political challenges.
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