Cryptocurrency investment products have seen significant inflows, attracting $882 million last week, bringing the total assets in global crypto funds to $169 billion, just below January's record of $173.3 billion. Over the past four weeks, total inflows reached $6.3 billion, accounting for 93% of the year-to-date total of $6.7 billion, nearing February's record of $7.3 billion. Strong demand for crypto exchange-traded funds (ETFs) in the US has resulted in cumulative net inflows of $62.9 billion since their launch in January 2024, surpassing a previous record. Notably, BlackRock's iShares products led with $1 billion in inflows last week, with total year-to-date inflows at $8.1 billion, outperforming the overall industry. The continued interest coincides with rising cryptocurrency prices, influenced by macroeconomic factors and increased money supply. Bitcoin's price recently traded at $104,407, down from its December 2024 high of over $106,000. Sui ETPs also gained significant inflows while Solana suffered outflows. Overall, investor sentiment is buoyed amid a crypto market rally, pushing total market capitalization close to $3.5 trillion, despite a decline from December's peak.

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