Crypto Investment Products See Record Inflows Amid Market volatility
Investor confidence in crypto remains strong, despite recent price drops and global tensions. According to CoinShares’ latest report.
Investors are pouring money into crypto despite market fluctuations. The latest coinshares report shows crypto funds attracted $1.24 billion last week. This marks the 10th straight week of positive inflows, pushing the year-to-date total to $15.1 billion—a new record.
Last week, crypto funds attracted $1.24 billion in inflows. This marks the 10th consecutive week of positive inflows, bringing the year-to-date total to $15.1 billion. Bitcoin led with $1.1 billion, followed by Ethereum with $123.8 million.
Despite recent price declines, investors are still buying the dip. Bitcoin recently slid to a new month-low of $98,000,while Ethereum dropped below $2,200. However, the continued inflows suggest investors view the correction as a buying opportunity.
Short-Bitcoin products saw $1.4 million in outflows, indicating fading bearish bets. Other altcoins also showed strength, with Solana and XRP recording inflows of $2.78 million and $2.69 million, respectively.
Spot exchange-traded funds (ETFs) contributed to the inflows. BlackRock’s iShares ETFs dominated with $1.28 billion, while ProShares and Bitwise recorded $71 million and $33 million.
Regionally, the United States led with $1.25 billion in inflows, followed by Canada and Germany. However, Hong Kong and Switzerland saw outflows of $32.6 million and $7.7 million.
