Crypto Funds Don Gain $572M Inflows After U.S. Approve 401(k)

Crypto funds dem record net inflow of $572 million last week after di US government allow make digital assets dey 401(k) retirement plans. Dis move come reverse two weeks of outflows and follow $1 billion drop wey happen early week cause weak US payroll data. US-listed crypto funds lead di surge wit $608 million net inflow, while European funds dem withdraw $54.3 million. Seasonal summer trading make exchange-traded product volumes drop by 23% month-on-month. Ethereum ETPs top asset flows with $268 million, push their year-to-date inflows reach $8.2 billion and AUM to $32.6 billion. Bitcoin funds see $260 million inflows. Among altcoins, Solana add $21.8 million, XRP $18.4 million, and NEAR $10.1 million, even wen SUI get small outflows. Big providers like iShares and Grayscale benefit, but Fidelity’s Wise Origin Bitcoin Fund dey experience $55 million outflows. Analysts believe say 401(k) approval open new regulated channel for institutional demand. More access to digital assets for retirement accounts fit boost short-term trading, improve market stability for long term, and support better outlook for crypto funds and major tokens.