The cryptocurrency investment sector experienced an unprecedented surge last week, with a massive $3.85 billion flowing into digital assets.
Year-to-Date Growth and Record Highs
According to CoinShares, inflows for the week of December 2-6 reached $3.85 billion, bringing YTD inflows to $41 billion. Total AUM hit a new high of $165 billion, surpassing the 2021 peak of $83 billion.
Role of Bitcoin and Ethereum
Bitcoin drew $2.5 billion, increasing its YTD inflows to $36.5 billion. Ethereum saw its largest weekly inflow of $1.2 billion, driven by institutional interest and the Ethereum 2.0 upgrade.
Regional Inflows: U.S. Dominates
The U.S. dominated global inflows, contributing $3.6 billion of the $3.85 billion total for the week, with notable contributions from Switzerland and Germany.
The surge in investments reflects growing optimism in the crypto market, despite some challenges like Solana outflows.
