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Galaxy Digital exec compares crypto funds to ‘hedge-fund space in early 2000s’
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ambcrypto.comThe year-to-date inflows are at a record high of US$8.9 billion as per CoinShares’ weekly fund flows until 5 November. The numbers have broken last year’s record of US$6.7 billion in inflows.
The report also noted that this marks the twelfth consecutive week of positive flows in digital investment products totaling US$174b just last week. With these record inflows, market cap of the crypto market is also currently above $3 trillion.
Thanks to this, Steve Kurz, the global head of asset management at Galaxy Digital is optimistic about the industry’s future. In a recent conversation with Bloomberg, he predicted,
“I expect that you will have a number of very large assets in crypto, in our large-cap index.”
However, he agreed that the valuations of
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