The CoinShares report on digital asset flows reported record inflows into crypto investment products, reaching $4.39 billion last week.
Record Capital Flows
According to the report, crypto investment products experienced record inflows of $4.39 billion last week. This increased the year-to-date total inflows to $27 billion with assets under management at $220 billion.
Ethereum Leads
Ethereum was the leader in attracting investments, receiving $2.12 billion, nearly doubling the previous record of $1.2 billion. For 13 weeks, Ethereum has shown significant net inflows, totaling $6.2 billion since the beginning of the year.
Market Activity from the U.S.
A staggering 99% of the weekly inflows came from the U.S., highlighting the country's influence on the global cryptocurrency investment market. Other countries like Switzerland and Australia also noted significant inflows.
The growing interest and investment in cryptocurrency continues to demonstrate the market's significance, especially in light of Ethereum's success and institutional investor activity.
