Cryptocurrency investment funds experienced a significant influx of $1.2 billion last week, marking the fourth consecutive week of positive inflows. Bitcoin was a major contributor, with $9.33 billion in inflows, pushing its assets under management to $155 billion, the highest level since February. This trend indicates strong institutional interest in Bitcoin, despite prediction markets showing a low probability of Bitcoin reaching a new all-time high by midyear.
On the Polymarket platform, the probability of Bitcoin hitting a new all-time high by June 30 is currently at 2.9%. Additionally, the market predicts a 3% chance of Bitcoin dropping to $60,000 by the end of April, suggesting traders expect the price to remain stable above this level. The prediction market's low probability for a new high reflects cautious sentiment, despite the bullish signal from sustained institutional inflows.
Crypto Funds Attract $1.2 Billion in Inflows; Bitcoin AUM Hits $155 Billion
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