Crypto Investment Surge Sets New Records in Weekly Inflows.

Crypto investments soar as digital assets attract a record $346 million in weekly inflows. Bitcoin dominates with $312 million, pushing year-to-date inflows beyond $1.5 billion. Ethereum sees a reversal in trends, and total assets under management hit $45.3 billion, reflecting renewed investor confidence.

The crypto market is experiencing a notable trend with a surge in investments in digital asset products. In the past week, these products received a remarkable influx of $346 million in capital, establishing a new record for the largest weekly investment in a continuous nine-week period of positive flows.

Bitcoin Dominates with $312 Million Inflows

According to a report by CoinShares, Bitcoin alone attracted $312 million in new investments last week, contributing to a year-to-date inflow that surpasses $1.5 billion. Notably, exchange-traded products (ETPs) related to Bitcoin accounted for 18% of all Bitcoin spot trading volumes during the same period.

Ethereum Reverses Trends with $34 Million Inflows

Ethereum also saw a turnaround, recording $34 million in inflows last week. This contributes to a four-week total of $103 million, marking a significant shift from earlier trends of outflows and indicating a change in investor sentiment towards Ethereum.

Regional Dynamics: Canada and Germany Lead

Regionally, Canada and Germany have been at the forefront of these inflows, contributing a combined 87% of the total. In contrast, the U.S. witnessed relatively modest participation, with only $30 million in inflows last week. This subdued activity in the U.S. could be attributed to investors anticipating the launch of a spot-based ETF.

These developments signify a renewed interest and confidence in digital assets, evident in the increasing inflows and a rise in total assets under management to $45.3 billion. This marks the highest figure in over 18 months. The anticipation of a new ETF in the U.S. and the overall bullish trend in the market since late 2021 have played crucial roles in driving this positive shift.

Disclaimer: The information provided in this article is for educational and informational purposes only. It should not be considered financial advice from Cryptozi or any other entity. We want to emphasize that if readers use the content or services mentioned in this article, Cryptozi is not responsible for any resulting losses. Therefore, it is strongly advised to exercise caution and consult with financial professionals before making any financial decisions that could impact your financial situation.

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