Bank of America: Cryptocurrency Funds Draw Fifth-Largest Inflows on Record

Cryptocurrency funds have recorded their fifth-largest inflow ever, pulling in $1.4 billion, according to EPFR data from Bank of America. The news comes in a week when Japanese stock funds faced their largest weekly outflow, amounting to $5.9 billion. Meanwhile, investors channeled $24.8 billion into cash funds. The bond and stock markets saw inflows of $12.5 billion and $10.5 billion respectively.