Recent CoinShares reports continuing growth in crypto fund inflows, reaching $2.7 billion last week. This trend has persisted for eleven consecutive weeks, with total assets approaching $184.4 billion.
Leaders of Regional Inflows
According to CoinShares data, nearly all cryptocurrency investment inflows came from the United States, totaling $2.649 billion for the week and $6.020 billion month-to-date. Switzerland and Germany also showcased positive results with $23.0 million and $19.8 million respectively for the week. Other regions like Australia and Canada exhibited mixed results with minimal inflows and outflows.
Bitcoin Market
Bitcoin continues to lead, receiving $2.224 billion for the week, representing 83% of total weekly inflows. Ethereum also shows stable figures with $429 million inflows for the same week. However, other altcoins such as XRP and Solana are also attracting investors' attention thanks to positive inflows.
Long-term Trends in Crypto Investing
Reports indicate that factors such as geopolitical instability and uncertainties in monetary policy of major economies contribute to the increasing interest in digital assets as portfolio diversification tools. The total number of crypto investment products under management reaches $184.414 billion, reflecting both inflows and rising asset prices.
One of the key observations from the past weeks is the sustained demand from institutional investors, underscoring the significance and appeal of cryptocurrency assets amid current economic challenges.
