Between July 5 and 11, 2024, cryptocurrency funds recorded a significant inflow of $3.7 billion. This marks the second-largest weekly inflow ever.
Overview of Inflows
During this period, there has been a thirteenth consecutive week of net inflows totaling $21.8 billion. In comparison, the year-to-date figure stands at $22.7 billion.
Leaders in Investments and Outflows
Bitcoin-based investment products attracted $2.7 billion, accounting for 54% of the total value of gold ETPs. Ethereum-based funds also performed well with inflows of $990 million, marking the fourth largest in history. Meanwhile, XRP-based products led in outflows with $104 million, while Solana funds recorded inflows of $92.6 million.
Analysis of Investment Growth Reasons
Analysts attribute the increase in inflows to rising institutional interest and optimism regarding regulatory clarity. Market participants are closely monitoring upcoming policy developments that may further impact fund flows and investor sentiment.
Overall trends indicate that cryptocurrency funds continue to receive backing from investors, which may signal growing confidence in this asset class.
