Crypto and digital asset products managed to close the week positive for the second week in a row. Funds ended last week with net inflows of $932 million. The highest figure was again in Bitcoin funds. BTC funds received 942 million dollars.

Is the decline in Ether caused by ETFs?

Ether funds, on the other hand, had sales of $ 23.3 million. Outflows in Ether funds have reached 46 million dollars since the beginning of the month and 57 million dollars since the beginning of the year. Such a massive sell-off was attributed to a possible rejection of Ether spot ETFs by the SEC.

Inflows into altcoin funds continue: Significant inflows into LINK

LINK, the token of Chainlink, which is conducting a tokenization experiment in partnership with the US-based Funds Depository and Clearing Corporation (DTCC), received $3.7 million in inflows, while other altcoins also closed the week in the plus. Litecoin funds received $500,000, Cardano (ADA) funds received $1.9 million and Solana funds received net investments of $4.9 million.

US spot ETFs ended the week with net inflows of $1 billion, while Bitcoin and Ether spot ETFs in Hong Kong closed the 5 trading days with a loss of $82.5 million.

BlackRock catches up with Grayscale

The total amount under management is $91 billion, of which $29 billion belongs to Grayscale…. BlackRock’s iShares fund manages $18 billion in assets, compared to just over $10 billion for Fidelity.