Crypto investment products saw strong recovery last week with inflows hitting $226 million, according to CoinShares.
Altcoins See First Gains in Five Weeks
The leading crypto asset, Bitcoin, attracted $195 million in inflows, while short Bitcoin products saw $2.5 million outflows. For the first time in over a month, investors moved money back into altcoin ETPs, attracting $33 million, with Ethereum seeing the highest inflows of $14.5 million among altcoins.
Most Investments Came from U.S. and Europe
The majority of the inflows came from the U.S., with $204 million, followed by Switzerland with $14.7 million and Germany with $9.2 million. Hong Kong and Brazil experienced minor outflows, reflecting regional differences in investor sentiment.
Cautious but Growing Optimism
Despite the overall positive trend, CoinShares' Butterfill noted investors remain cautious due to uncertain macroeconomic conditions. Bitcoin's total assets under management recently fell to $114 billion, linked to a 70% drop in trading volume post-2024 U.S. presidential elections.
CoinShares' report suggests investors return to digital assets, focusing on Bitcoin and large-cap altcoins, underlining concerns about inflation and interest rates continue to influence decisions.
