Investors Witness Unprecedented Surge in Cryptocurrency Inflows
Main Idea
Cryptocurrency investment products saw a record $4.39 billion in weekly inflows, driven largely by U.S. demand, with Ethereum leading at $2.12 billion and Bitcoin at $2.2 billion.
Key Points
1. Weekly inflows into cryptocurrency investment products reached a historic $4.39 billion, pushing year-to-date inflows to $27 billion and assets under management (AuM) to $220 billion.
2. Ethereum (ETH) led with $2.12 billion in inflows, nearly doubling its previous record, and accounted for 23% of total holdings over a 13-week streak.
3. Bitcoin (BTC) inflows were $2.2 billion, representing 55% of the trading volume in cryptocurrency-based investment products.
4. Other altcoins like Solana ($39.1M), XRP ($36.1M), Sui ($9.3M), Chainlink ($900K), and Cardano ($300K) also saw notable inflows.
5. The U.S. dominated with 99% of the weekly inflows, while Switzerland, Hong Kong, and Australia recorded smaller inflows, and Brazil and Germany saw outflows.
Description
Cryptocurrency-based investment products hit a record $4.39 billion inflow last week. Ethereum led with $2.12 billion, making it the top cryptocurrency-based product. Continue Reading: Investors Witness Unprecedented Surge in Cryptocurrency Inflows The post Investors Witness Unprecedented Surge in Cryptocurrency Inflows appeared first on COINTURK NEWS .
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