Last week witnessed a significant influx into cryptocurrency-based investment products, amounting to $3.7 billion. This reflects sustained investor interest in cryptocurrencies.
Record Inflow in Bitcoin-Based Products
Cryptocurrency investment products from the United States saw inflows of $3.7 billion throughout the week. Switzerland added $65.8 million, while Canada contributed $17.1 million. Despite $109 million outflows from Germany, Sweden, and Brazil, the overall positive trend remained unbroken.
Diverse Trends in Ethereum and Altcoin Investment Funds
Ethereum-based investment products experienced a $990 million weekly inflow, marking the twelfth consecutive positive week. Over the last three months, the capital inflow reached 19.5% of managed assets. Solana-focused funds attracted $92.6 million, yet XRP-focused products saw an outflow of $104 million.
Overall Picture of Bitcoin Market and Investment Preferences
Inflows into Bitcoin amounted to $2.7 billion, raising total assets under management to $179.5 billion. Interest in Bitcoin and Ethereum is expected to continue growing despite mixed results from other altcoins.
The current state of the cryptocurrency market shows strength and resilience in investments, particularly in Bitcoin and Ethereum, which may promote further growth in the crypto industry.
