Munzir HakimiTable of Contents
Market Surge Insights
Cryptocurrency investments have seen a remarkable uptick recently, particularly with Bitcoin reaching an all-time high of $118,000. This surge has led too significant inflows into global crypto exchange-traded products (ETPs), totaling $3.7 billion for the week ending Friday,as reported by CoinShares. The year-to-date inflows for crypto ETPs have now reached an impressive $22.7 billion.
The total assets under management (AUM) in crypto funds also hit a record high of $211 billion, showcasing the growing interest and confidence in cryptocurrency investments.
Bitcoin Dominates Inflows
Bitcoin ETPs were at the forefront last week, attracting $2.7 billion-a staggering 73% of total crypto ETP inflows. This marks a significant recovery from previous weeks where inflows averaged around $1.5 billion weekly.
- Daily Bitcoin ETF inflows exceeded $1 billion following BTC’s new highs.
- Total AUM for Bitcoin ETPs reached $179.5 billion,equating to 54% of gold ETP assets for the first time.
Ether’s Steady Growth
Ether ETPs continued their positive trend with their twelfth consecutive week of inflows amounting to $990 million, marking one of their largest influxes on record.
- Ethereum’s recent performance shows that its inflow percentage over 12 weeks is significantly higher than that of Bitcoin.
- Simultaneously occurring, XRP faced outflows totaling $104 million, while Solana saw strong gains with $92.6 million in new investments.
Broad-Based Inflows Across issuers
The latest weekly flows were well-distributed among US issuers:
- BlackRock’s iShares led with an impressive $2.4 billion.
- Fidelity Investments and ARK Invest followed closely behind with contributions of $400 million and $339 million, respectively.
Despite this growth among US issuers, CoinShares experienced minor outflows totaling just $16 million during the same period.
Final Thoughts
Crypto Investment Trends
cryptocurrency investment products are witnessing unprecedented growth driven by strong demand for both Bitcoin and Ether amid rising market values and investor confidence.
Reference
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- CoinShares Weekly Report – CoinShares
- Bitcoin Price Analysis – CoinTelegraph
