During the period from September 8 to 12, cryptocurrency exchange-traded products (ETPs) attracted $3.3 billion, marking the best performance in months.
Key Weekly Insights
According to CoinShares, assets under management for crypto ETPs reached $239 billion, nearing the all-time high of $244 billion in August. This increase followed declining interest in traditional assets and heightened investor appetite for cryptocurrencies.
Bitcoin and Ethereum Dynamics
Bitcoin investment products captured the largest share of inflows with $2.4 billion. The continuing investments in Bitcoin ETPs suggest a recovery of institutional confidence. Meanwhile, Ethereum ended an eight-day outflow streak with $646 million collected for the week, indicating a shift in investor sentiment.
Regional Investment Trends
The US dominated with $3.2 billion in inflows, comprising 97% of total global additions. Germany recorded $160 million, while Switzerland experienced outflows of $92 million, reflecting differences in investor sentiment across regions.
Overall market dynamics indicate a significant recovery in interest toward cryptocurrency assets, especially Bitcoin and Ethereum, amidst weak US economic indicators, potentially signaling continued institutional engagement in the future.
