Crypto Investment Funds See Record Inflows Amidst New Market Offerings

Crypto Investment Funds See Record Inflows Amidst New Market Offerings

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Crypto Exchange Traded Products (ETPs) have reported an unprecedented surge in inflows, reaching a record $5.95 billion last week. Bitcoin (BTC) was a primary beneficiary, attracting $3.6 billion in new capital, even as concerns over a potential US government shutdown persisted. Concurrently, Mike Novogratz’s Galaxy has launched GalaxyOne, a new investment platform designed to offer individual investors 4% yields on cash, bridging traditional finance with digital markets.

Crypto ETPs posted a record $5.95 billion of inflows last week, with Bitcoin leading the gains, recording a record $3.6 billion in inflows amid concerns about a US government shutdown.

Originally developed under the name Fierce, GalaxyOne is designed for individual investors seeking exposure to both TradFi and digital markets.