Is Crypto Investment on the Rise with $78 Million Inflows from Europe? 💶
Crypto investment products are experiencing increased popularity, securing $78 million in #inflows for the second consecutive week.
CoinShares reported a surge in digital asset investment products, reaching the highest volume levels since July 2023.
Notably, crypto exchange-traded products (#ETPs ) volumes rose by 37%, totaling $1.1 billion. Solana, considered the 'altcoin of choice,' witnessed its highest weekly inflows since March 2022.
However, United States Ethereum futures ETFs had a lukewarm debut, attracting only $10 million in the first week. Interestingly, 90% of crypto asset inflows originated from #Europe , with Germany and Switzerland leading the way with $37.3 million and $31.3 million in inflows, respectively.
This data comes as CoinShares expands its presence in the U.S., emphasizing the country's role as a global leader in digital asset development and regulation.
