Last week, there was an influx of $176 million into crypto investments after a recent decline in the market. Investors viewed the decrease in prices as a chance to broaden their portfolios and reduce risk.
The aggregate value of crypto goods being managed, known as Assets Under Management (AUM), rebounded to approximately $85 billion following a decline of $75 billion caused by a market slump.
The resurgence was fueled by a substantial surge in the trading of exchange-traded products (ETPs), with last week’s trading volume greatly above the average weekly volume for the year.
Inflows were observed in all locations, suggesting a favorable perspective on cryptocurrency assets following the drop. Ethereum experienced substantial gains, as the introduction of spot Ethereum ETFs contributed to increased inflows, resulting in a high year-to-date total.
Multiple locations experienced significant influxes, indicating worldwide interest in cryptocurrency investments. The United States had the highest amount of inflow, followed by Switzerland, Brazil, and Canada.
The significant influx of funds into Ethereum indicates that it continues to be a preferred investment option during periods of market instability. The huge increase in funds received last week has contributed to its total growth throughout the year.
Bitcoin exchange-traded funds (ETFs) experienced volatility, beginning the week with net withdrawals. However, BlackRock’s IBIT and other funds maintained stability, indicating that investors are maintaining their positions. Bitcoin exchange-traded funds (ETFs) showed tenacity by bouncing back from initial withdrawals and finishing the week with a positive performance.
