Crypto Funds Soar to $3.55 Billion in One Week Amid Mixed Market Signals

Crypto funds took in $3.55 billion last week, but most major cryptocurrencies still trade below their year-ago prices.

Bitcoin (BTC) gained 33.4% over the past 90 days, while Ethereum (ETH), XRP, and other top cryptos remain significantly lower than they were a year ago.

The influx of $3.55 billion into crypto funds, primarily driven by Bitcoin, is significant. However, this figure masks a more nuanced reality: daily inflows collapsed from $999 million to $134 million within the same week, suggesting the $3.55 billion headline overstates momentum.

Citigroup (C) raised its price targets for Bitcoin and Ethereum, signaling projected gains of 33.4% and 12.2%, respectively. However, these targets were set following the recent rally and do not account for current market conditions.