Bitcoin
Crypto Funds See $2 Billion Inflows; Bitcoin remains the main focus
Crypto Funds See $2 Billion Inflows; Bitcoin remains the main focus
Crypto investment products enjoyed a total of $2 billion in inflows over the last week, according to a recent report from CoinShares. This latest entry indicates the fifth consecutive week of positive sentiment.
The continued inflow also brings total inflows during this period to $4.3 billion. The increase in inflow also led to a 55% increase in trading volumes of exchange-traded products (ETPs). Trading volume peaked and reached $12.8 billion for the week.
Key points:
- Crypto investment products saw inflows of $2 billion in a single week.
- The recent five-week run of inflows totals $4.3 billion.
- Trading volumes in ETPs increased to $12.8 billion, a 55% increase from the previous week.
- Total assets under management (AUM) surpasses the US$100 billion mark for the first time since March.
- Bitcoin and Ethereum lead the inflows, with US$1.97 billion and US$69 million, respectively.
The positive inflow pushed total assets under management (AUM) for digital asset investment products above the $100 billion threshold for the first time since March 2024.
The United States dominates crypto flows for the week
The United States dominated the entries with 1.98 billion dollars. Also, Bitcoin enjoyed the biggest inflows of $1.97 billion for the week.
Ethereum also had a decent week, with inflows of $69 million. It was also ETH’s best performance since March.
CoinShares credited this increase in interest as likely due to the SEC’s decision to allow spot Ethereum ETFs. Fantom and XRP also saw inflows of $1.4 million and $1.2 million, respectively.
Vignesh Karunanidhi
Vignesh Karunanidhi
Writer of Estrada do Leite
Vignesh is a seasoned professional in the crypto space since 2017. He has been writing for over 6 years and specializes in writing and editing various types of crypto content including news articles, long-form pieces, and blog posts, all focused on sharing. the beauty of blockchain and cryptography.
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