{"id":10932,"date":"2024-03-01T18:36:52","date_gmt":"2024-03-01T13:06:52","guid":{"rendered":"https:\/\/bigbreakingwire.in\/?p=10932"},"modified":"2024-03-01T18:47:29","modified_gmt":"2024-03-01T13:17:29","slug":"bank-of-america-report-massive-inflows-to-crypto-funds-and-record-breaking-cash-trends","status":"publish","type":"post","link":"https:\/\/bigbreakingwire.in\/bank-of-america-report-massive-inflows-to-crypto-funds-and-record-breaking-cash-trends\/","title":{"rendered":"Bank of America Report: Massive Inflows to Crypto Funds and Record-Breaking Cash Trends"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div>\n<p>Bank of America&#8217;s recent data highlights substantial inflows into various asset classes for the week concluding on February 28. Leading the pack is cash, witnessing a robust influx of $38.7 billion, followed by bonds with $13.8 billion and stocks with $10 billion. Analysts from the banking giant observe that money market fund inflows are reaching staggering levels, indicating the potential for a record-breaking year.<br><br>Notably, crypto assets are gaining prominence, experiencing a noteworthy increase with $2.4 billion in inflows. In contrast, gold is witnessing outflows amounting to $500 million, as indicated by Bank of America&#8217;s findings. Looking at the bigger picture, the year-to-date cash inflows are poised to reach an unprecedented $1.4 trillion, matching and potentially surpassing previous record highs. The momentum in crypto funds is particularly striking, already surpassing the inflow peak observed in 2021. Year-to-date inflows for crypto funds have reached $7.7 billion, a notable uptick from the $5.2 billion recorded during the previous crypto bubble.<br><br>This financial landscape suggests a dynamic and evolving market, with investors diversifying their portfolios across various assets. The surge in cash inflows and the remarkable growth in crypto funds indicate shifting trends and a potential reevaluation of investment strategies in response to the evolving economic environment.<\/p>\n\n\n\n<p>$IBIT, BlackRock&#8217;s Bitcoin ETF, achieves a remarkable milestone with $10 billion in assets under management, setting a new record as the fastest ETF to reach this benchmark in just 37 trading days. This places it among the exclusive ~4% of all ETFs that have attained the $10 billion mark.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-bigbreakingwire wp-block-embed-bigbreakingwire\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"KegimhU6gF\"><a href=\"https:\/\/bigbreakingwire.in\/bitcoin-sees-6-drop-to-60400-after-hitting-64000-high-bitcoin-etfs-surpass-record-with-7-5-billion-trading-volume\/\">Bitcoin ETFs Surpass Record with $7.5 Billion Trading Volume<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Bitcoin ETFs Surpass Record with $7.5 Billion Trading Volume&#8221; &#8212; BigBreakingWire\" src=\"https:\/\/bigbreakingwire.in\/bitcoin-sees-6-drop-to-60400-after-hitting-64000-high-bitcoin-etfs-surpass-record-with-7-5-billion-trading-volume\/embed\/#?secret=eaXElWzp2g#?secret=KegimhU6gF\" data-secret=\"KegimhU6gF\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Bank of America&#8217;s recent data highlights substantial inflows into various asset classes for the week concluding on February 28. Leading the pack is cash, witnessing&#8230;<\/p>\n","protected":false},"author":1,"featured_media":10933,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[65,618,619],"tags":[1834,1171,278,1837,1578,633,1395,1137,1836,1835],"class_list":["post-10932","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bigbreakingnow","category-brokerage-reports","category-stocks-in-news","tag-asset-classes","tag-banking","tag-cryptocurrency","tag-economic-environment","tag-financial-analysis","tag-inflows","tag-investments","tag-market-trends","tag-portfolio-diversification","tag-record-breaking","entry","rows"],"jetpack_publicize_connections":[],"modified_by":null,"jetpack_featured_media_url":"https:\/\/bigbreakingwire.in\/wp-content\/uploads\/2024\/03\/bitcoinlogoheader.jpg","jetpack_shortlink":"https:\/\/wp.me\/pfgCxS-2Qk","jetpack_sharing_enabled":true,"jetpack_likes_enabled":false,"_links":{"self":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/10932","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/comments?post=10932"}],"version-history":[{"count":0,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/10932\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/media\/10933"}],"wp:attachment":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/media?parent=10932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/categories?post=10932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/tags?post=10932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}