According to analytical company CoinShares, this year has been successful both for bitcoin funds, which have raised $ 6.4 billion since the beginning of the year, and for cryptocurrency funds in general.
Crypto funds raised $ 174 million in investments last week from November 1-5, according to a weekly report from CoinShares, bringing total funds invested since the beginning of this year to a record $ 8.9 billion, up from $ 6.7 billion in 2020.
Last week, $ 95 million was invested in bitcoin funds. Capital inflows in eight days of the bullish cycle were $ 2.8 billion, and since the beginning of the year, these funds have raised a record $ 6.4 billion.
Altcoins are also popular with investors. Last week, funds raised $ 31 million for ether, and the total amount of funds invested since the beginning of the year amounted to 1 billion. The inflow of funds in Polkadot, Solana and Cardano for the week amounted to $ 8.5 million, $ 9.6 million and $ 5 million, respectively. The Tron project raised $ 21.9 million over the same period.
Such success of bitcoin funds is probably associated with the launch of ETFs on bitcoin futures and the first cryptocurrency reaching a new all-time high of $ 66,000. Ether has also recently shown positive dynamics and yesterday renewed its all-time high, reaching $ 4,770.
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