Crypto investment products have witnessed record inflows last week, marking the largest weekly surge in the sector’s history. According to CoinShares, a staggering $3.85 billion poured into crypto investment products, exceeding previous highs and signaling a sharp increase in investor confidence.
The year-to-date total of $41 billion now surpasses the 2021 peak, with assets under management reaching an all-time high of $165 billion. The US led the charge, accounting for $3.6 billion, while Switzerland, Germany, Canada, and Australia also saw significant contributions.
Bitcoin dominated inflows, bringing its year-to-date total to $36.5 billion, followed by Ethereum’s record-breaking $1.2 billion weekly influx. Meanwhile, short Bitcoin products saw modest outflows of $6.2 million, indicating caution among investors betting against the cryptocurrency’s recent bullish momentum.
Source: https://www.ccn.com/news/crypto/ethereum-drives-record-crypto-investment-inflows