Crypto funds attract $ 2.7 billion in the 11th consecutive week of entries in the middle of geopolitical dips

Digital asset investment funds carried out $ 2.7 billion last week, capping a sequence of 11 weeks of entries which now totals $ 16.9 billion.

The thrust reflects the appetite of resilient investors, reflecting the strong performance observed in the first half of 2024, which recorded $ 18.3 billion in admissions by the end of June, according to a report on Monday of Coinshares.

The report attributed the continuous impulse to the intensification of geopolitical tensions and persistent uncertainty on the orientation of monetary policy.

The United States sees $ 2.65 in Cryptographic Funds

Most of the entries came from the United States, representing 2.65 billion dollars.

Switzerland and Germany have recorded modest additions of $ 23 million and $ 19.8 million, while Canada, Hong Kong and Brazil have displayed small outings.

Hong Kong, in particular, has experienced stable outings since recent price peaks, reaching a total of $ 132 million in June only.

Bitcoin remained the main magnet for capital, pulling $ 2.2 billion last week, an amount of 83% of total entries, while Bit-Bitcoin products extended their outings of the year to 12 million dollars, reporting wide optimism for Bitcoin prospects.

Ethereum followed $ 429 million in entries, increasing its annual total to $ 2.9 billion, while Solana has attracted only $ 91 million so far this year, highlighting an important gap in the confidence of investors.

Meanwhile, FNB Bitcoin surpass ETF Gold, with $ 3 billion at Bitcoin ETF entrances to $ 1 billion in ETF gold over five days, highlighting a change among investors who are looking for better hedges against traditional American active ingredients.

The growing interest in the FNB Bitcoin Spot is involved while the adoption of companies continues to accelerate despite the macro uncertainties.

The Anthony Poseliano Procap BTC acquired 3,724 bitcoin for $ 386 million as part of plans to make public by a spac merger, while the Japanese metaplanet raised $ 517.8 million on the first day of its ambitious “555 million plan”, which targets 210,000 Bitcoin by 2027.

Bitcoin rallies in June in June while Trump’s tax bill stimulates the feeling

Bitcoin broke its typical June weakness with an early Asian rally, depending on the stock markets which reached new records last week.

The wave was fueled by a renewal of optimism in Washington, where the former president of 4.5 billions of dollars in tax advanced in the Senate, according to a recent Capital QCP note.

The eyes of the market are now fixed on the decisive vote today 9:00 am, with the Republicans who rush to conclude the agreement before the deadline of July 4.

“With the BTC point of $ 108,000, we are starting to see an accumulation in long long, because perpetual financing rates pass from flat to positive through major exchanges,” QCO wrote on Monday.

“The positioning seems to chase the movement, while the participants look at directional bets before the end quarter.”

Meanwhile, Ethereum and Solana have rallied in the hope that Rex share the ETH and soil of soil to obtain the approval of the dry, offering institutions new ways of gaining yield in crypto.

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