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Crypto Inflows Surge, Bitcoin Dominates
Description
Crypto investment products saw a record-breaking sixth consecutive week of inflows, totaling $858 million, with Bitcoin leading the charge at $766 million. US crypto legislation buzz, particularly around the CLARITY Act, drove the surge. Short Bitcoin funds suffered a significant outflow of $14 million as confidence in the rally strengthened. Assets under management reached a high of $160 billion, despite Bitcoins brief dip below $80,000 due to profit-taking.
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