Crypto-based investment products are showing considerable growth, attracting over a billion dollars in new inflows last week. This growth has boosted the total assets under management to a record high.
Record Inflows and AUM
Last week, crypto-based investment products attracted $1.04 billion in net inflows, raising the total assets under management to a record $188 billion. According to CoinShares, since April, inflows have reached $18 billion amid steady growth.
Slowing Demand for Bitcoin
Bitcoin-based investment products finished their fourth consecutive positive week with accumulated inflows of $790 million. However, this figure fell below the previous three-week average of $1.5 billion. James Butterfill, Head of Research at CoinShares, noted that the slowdown in inflows might indicate cautious investor behavior as Bitcoin approaches its peak.
U.S. Dominance in Investor Preferences
CoinShares data shows that 96% of total inflows came from the U.S., confirming the country's status as the epicenter of global interest in cryptocurrencies. Meanwhile, Germany and Switzerland contributed limited, but consistent investments, while Canada and Brazil experienced outflows due to differing risk perceptions.
Thus, the current state of crypto-based investment products highlights strong institutional investor interest, despite some fluctuations in demand and the influence of geographical factors.
