Digital asset and crypto funds closed last week positively and completed net investments in the 5th week in a row. The funds received a net investment of $1.98 billion. The total value of crypto funds under management by companies also reached $116 billion, breaking an all-time record.
Most investment in Ether since ETFs
Bitcoin funds accounted for $1.8 billion of the $1.98 billion figure. The figure that came to BTC funds since the Fed’s interest rate cut in September was $9 billion. Ether funds received $157 million. This level of investment was the largest figure seen since the Ether spot ETF funds were launched in the US in July.
Uniswap surprise…
While many altcoin funds also received investments, the most surprising of these was Uniswap. UNI funds, which have not received much investment since the beginning of the year, completed the week with $1 million. The UNI token also experienced a limited increase last week. Solana funds received $3.9 million, XRP and TRON funds $500,000 each, Litecoin funds $200,000, and ADA funds $100,000.
BlackRock’s Bitcoin and Ether ETFs also outperformed their competitors. While iShares ETFs completed the week with $1.3 billion in investments, the closest figure was in Fidelity ETFs with $295 million.
As you may recall, BlackRock’s Bitcoin ETF also broke its own record on Wednesday with a net investment of $1.1 billion.