Bitcoin Sucks Up $931M in Fresh Cash as Inflation Cools--Ethereum Takes a Hit
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Bitcoin has attracted $931 million in net inflows over the past week, leading to a total of $229.65 billion in crypto assets under management, driven by positive macroeconomic sentiment following softer U.S. inflation data. Institutional demand is rising, with iShares ETFs and Fidelity's Bitcoin fund contributing significantly. In contrast, Ethereum faced $168.7 million in outflows, marking a negative week. The U.S. led inflows at $843 million, while Germany set a record with $502.1 million. Overall, Bitcoin remains the preferred choice among institutional investors in the current market.
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