In a recent report by CoinShares, global crypto investment products experienced a significant boost, with net inflows reaching $1.2 billion over the past week, marking the third consecutive week of positive growth.
This surge is attributed to increasing investor confidence in digital assets, fueled by expectations of lenient U.S. monetary policies and favorable price trends.
Bitcoin was the standout performer, drawing in $1.1 billion, largely due to the approval of BlackRock’s spot Bitcoin ETF by the U.S. SEC, which has heightened investor optimism.
U.S.-based funds were the primary contributors to this influx, while Ethereum also made a comeback, attracting $87 million in net inflows after a five-week decline.
Despite the overall positive trend, some regions faced challenges, with Germany and Brazil reporting net outflows. Additionally, short Bitcoin products saw a rise in interest, indicating varied investor strategies.
Meanwhile, Solana funds experienced withdrawals, suggesting a shift back to more established cryptocurrencies like Bitcoin and Ethereum as traders seek stability. Overall, the crypto market is showing renewed vigor, particularly for Bitcoin and Ethereum.
